Tilray Received Some Good News, But Is It Enough? – Investorplace.com

It’s hard to say that Tilray (NASDAQ:TLRY) has had a tough year. Right now, TLRY stock is up 32% year-to-date (YTD) and 53% for the past 12 months. However, in this market, long-term memory isn’t cool. The shares are down almost 18% for the past three months. That’s what gets eyeballs when it comes to meme stock forums — and increasingly, every other financial media outlet.

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As with all of these other next-gen companies — from neobanks to electric vehicle (EV) makers to lithium miners and marijuana companies — the hype seems to drive these firms to outrageous levels with no underlying reality other than the sentiment that “It’s gonna be really, really big.”

A perfect example? Just after new-kid-on-the-block Lucid Group (NASDAQ:LCID) won Car of the Year honors, LCID stock soared. Now, its market capitalization is about $10 billion higher than Ford (NYSE:F). Yet, Lucid has delivered a relative handful of cars. Meanwhile, Ford produced 1.7 million vehicles in 2020 alone.

As another name sporting the hype, here’s what you should consider about Tilray moving forward.

TLRY Stock: Easy Money = Reckless Investing

I’m all for taking a flyer now and again. But the valuations

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