Tilray IPO: 62% Revenue Growth Y/Y, But EV/2018 Forward Sales Is 42.5x

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39% of the total amount of assets is represented by cash and short-term investments. The company’s revenues increased by 62% to $20,5 million, and the gross margin also increased by 326% to $11 million. With 50% revenue growth in 2018, the EV/ 2018 forward sales would be 42.5x, which is not expensive. The company is trying to sell 9 million shares at $14-$16 per share. Showing 62% revenue growth in 2017 and tons of cash in the balance sheet, Tilray (TLRY) seems very interesting a priori. Tilray IPO: 62% Revenue Growth Y/Y, But EV/2018 Forward Sales Is 42.5x

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