I was wrong: the bubble hasn’t popped yet. I predicted last week that the Canadian cannabis bubble would pop on October 17th, the official day recreational cannabis becomes legal in Canada. That hasn’t happened … yet.
I remain convinced that Tilray (TLRY) is still trading at dangerously elevated levels, but this article focuses on the market leader Canopy Growth (CGC) which, while admittedly executing very strongly, still trades at unjustifiable levels. CGC remains a strong sell.
@Investors, this has a pretty good analysis of the cannabis market in Canada.