Tilray, Inc. (TLRY) Has A Best In Class Model - Northland

Northland Capital Markets analyst Michael Grondahl maintains Outperform on Tilray (NASDAQ: TLRY) price target of $60.00.

The analyst comments "TLRY reported strong revenue and volume growth for the June quarter at 95% and 97% y/y, respectively. Aggressive growth investments for the upcoming Canadian adult-use legalization date (Oct. 17th) continued in the quarter with ~$15.4M in capex spend (~$28.3M YTD). We reiterate our Outperform rating and increase our price target to $60 due to scarcity value and best in class model."

For an analyst ratings summary and ratings history on Tilray click here. For more ratings news on Tilray click here.

Shares of Tilray closed at $61.12 yesterday.

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