I’m just gonna watch this one from the bleachers, have fun kids.
Because of its skyrocketing share price, its $10.2 billion market cap is 263 times greater than its annualized second-quarter revenue. Also, 93% of Tilray’s voting power is held by Privateer Holdings, the venture fund that created Tilray, and a lockup period that prohibits insiders from selling Tilray shares expires in January 2019. If insiders sell a lot of shares once the lockup expires, then it could pressure shares lower. It’s also possible that Privateer Holdings’ goals won’t always align with those of individual investors.
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