Tilray saw their stock rise by 215% throughout 2018. This earned Tilray the title of best performing Canadian marijuana stock of the year. If you look at another major company in comparisons like Amazon they did not perform so well. Amazon saw its stock fall by 17%. Perhaps this is one of the reasons why the CEO of Tilray Brendan Kennedy received an epically more substantial amount of compensation from his company than Jeff Bezos received from Amazon. On the large scale of things, Amazon compensated its CEO roughly $1.7 million in 2018. Tilray, however, paid their CEO a whopping $31.8 million in the same year.
The Legal Cannabis Rollercoaster Ride
The rollercoaster ride of the legal cannabis sector isn’t always a fun one. It can be very bumpy as it’s proving to be in 2019 for Tilray. While Tilray had an extremely impressive 2018, 2019 isn’t shaping up to be nearly as good. Stock at the company is down 30% in comparison this year. Tilray experienced a very disappointing fourth quarter sale which is hurting the growth of sales. When people look to make a fast buck on the stock market, they’re looking for the new hot commodity.
In comparison when you think Tilray is on fire and what’s happening to Amazon though, you have to dig deeper than just the last year. Since its inception Amazon stock has soared epically increasing 98,000% since 1997. Tilray a minor 126% in comparison.
People or Profit?
When many people think about cannabis today, they think of budtenders, pot farms, festivals, and other stoner type culture. The stigma of cannabis will be a hard one to break. Imagine this the next time you think of cannabis. Somewhere out there a board room full of corporate executives wearing the most expensive clothes is making decisions that affect millions of dollars of gain or loss to their companies. These individuals are helping to facilitate the multi-billion-dollar legal cannabis industry. While this is an excellent thing for anyone who supports this incredible plant, one has to stop for a second and wonder if these giant corporate boards focus more on, people or profit.
