Valuations Continue to Climb for U.S. Cannabis Companies - Seite 4

Also shifting its focus away from Canada and towards other markets such as the US and Europe is Tilray, Inc. (NASDAQ:TLRY). The company has stated that it finds the latter two markets to have the highest growth potential, and feels they'll avoid what they call "overpriced supply assets" in Canada. Tilray saw its revenues soar more than 200% year-over-year to US$15.5 million during the quarter ending December 31, 2018. Earlier this year, the company announced a deal to acquire Hemp Hearts-maker Manitoba Harvest for up to CAD$419 million in cash and stock, as the two companies look to launch CBD-infused products into the US where permissible.

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