The cannabis producer Tilray is deploying a ‘risky strategy’ to expand globally (TLRY)

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Tilray on Monday beat on sales but missed on the bottom line. The cannabis producer pointed to a lack of supply in Canada and high international expansion costs.  Tilray’s argument is that Canada will soon see oversupply and that it will be an insignificant market compared to the opportunities in the EU and US, Jefferies said, citing the company’s its earnings call.  Tilray’s strategy to focus on international expansion while dismissing Canada is very risky, the firm said.

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