Investing.com investing.com 22 Dec, 2020 11:45 am

The New Tilray: Is Size Really What Still Matters In The Cannabis Sector?

The New Tilray: Is Size Really What Still Matters In The Cannabis Sector?
Stocks Analysis by Brenda O'Farrell/Investing.com covering: Canopy Growth Corp, Aphria Inc, Canopy Growth Corp, Aphria Inc. Read Brenda O'Farrell/Investing.com's latest article on Investing.com

The new company will aim to consolidate its stake in Canada, strengthen its position in Europe and set up for a major push into the U.By revenues alone, the new company will have revenues estimated at about $875 million, far outpacing Canopy’s of $477 million.The new Tilray will also lay claim to about 17% of the Canadian weed market, a stake it plans to double within the coming years.And in that respect, it might very well be a step ahead of the new Tilray.

When it does, it will claim the title of the world’s largest marijuana company, surpassing Canopy Growth (NASDAQ: CGC ), (TSX: WEED ).Even when it was the biggest grower on the planet, Canopy Growth began to downsize, pulling back the scope of its operations to better position itself for the future.

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