Cannabis Breakout IPO: Tilray, Inc.

Canada is going to pot. On October 17, 2018 recreational and medicinal marijuana will be officially legal throughout the entire nation of Canada.

With an adult population roughly 6 times larger than the adult population of Colorado, Canada is poised to raise billions of dollars in revenues in the months and years to come.

Companies are lining up to capitalize on this new industry, and big money is pouring in.

One company that is well-positioned to capitalize on the Canada pot explosion is Tilray, Inc. (NASDAQ: TLRY).

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On Wednesday, July 18 Tilray's IPO was priced at $17 per share. It immediately gapped-up, and hasn't looked back. In just over one month, Tilray has skyrocketed to over $228 per share. That's a 1,300% gain in just over 30 days!

But it appears the run may have only just begun.

For one, “Tilray has a defensible competitive position as an early leader, with its partnership with Privateer offering ability to leverage established and recognizable U.S. brands,” analysts at Cowen said in an August 2018 note.

The investment bank thinks Tilray can capture about 7.6% of the Canadian cannabis market. 

Two, TLRY appeared to be in good shape at the time.

Not only does it have ample production capacity, it expected to have 912,000 sq. ft. of growing space by the close of 2018, it also had supply-agreements in British Columbia, Quebec, Manitoba, and Yukon with a medical marijuana agreement in place with Novartis. At 912,000 sq. ft., the company would be right behind Aphria Inc., which had over one million sq. ft. of growing space at the time.

Three, the company could have quite an advantage in the international cannabis market.

In 2016, the company became the first Canadian marijuana producer to export cannabis to Europe. Tilray currently exports medical marijuana to nine countries, most importantly including Germany. Many more countries could be added to the list.

According to the company’s SEC filings, it had also made agreements with pharmaceutical distributors in 12 countries, had four clinical trials in three countries and was among the first companies to have licenses for cannabis cultivation in two countries: Canada and Portugal.

And four, the company is making waves in the corporate world.

In fact, the Canadian pot producer announced it would supply marijuana to Nova Scotia Liquor. That follows news that global alcoholic drink giant Diageo is in talks with Canadian marijuana companies about investments or alliances.

TLRY also signed an agreement with the Ontario Cannabis Store (OCS).

In Ontario, Canada's most populous province, the Ontario Cannabis Store is the sole online retailer of cannabis.

In short, there’s a good amount of opportunity in TLRY. 

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