Jason spent 30 minutes last night looking through the Q2 2018 financials of Tilray Marijuana Corp https://www.tilray.com/ (NSDQ:TLRY) which has been the darling of Wall St since its IPO in July 2018. Even if the stock price of Tilray moves a lot higher, Jason talks about how Tilray's management has no history of ever running a profitable Marijuana business and before their IPO in July 2018, Tilray even had negative equity (more liabilities than assets)!!!! The market reacted positively to Tilray's Q2 2018 earnings release where Tilray report losses but they grew revenues to ~$10 million in the quarter, which is up 95% over the prior year. https://www.tilray.com/updates-master/2018/8/28/tilray-inc-reports-second-quarter-2018-earnings Tilray is currently trading at a valuation of over 300 times annualized Q2 2018 revenues (40 million annual revenues) or over 611 times 2017 annual revenues! Meanwhile, things are falling apart for Elon Musk and Tesla Motors! Elon was charged yesterday with securities fraud by the Securities and Exchange Commission (SEC) https://www.zerohedge.com/news/2018-09-27/elon-musk-sued-sec-tesla-stock-tumbles-here-full-complaint but he tore up a deal with the SEC at the last minute, hired a big shot lawyer and he is vowing to fight it! https://www.zerohedge.com/news/2018-09-27/musk-tore-last-minute-sec-settlement-decided-fight-instead The SEC is also investigating Elon Musk and Tesla Motors for other frauds AND it was also just recently disclosed that the US Department of Justice (DOJ) has been investigating Tesla and Elon for a month already too! https://www.cnbc.com/2018/09/27/ex-sec-chair-elon-musk-could-be-removed-as-ceo-face-jail-time-.html Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 44 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**