Tilray, Inc. (TLRY)
Pre-Market: 08:26AM EDT
- Motley Fool
Could Another Acquisition Be on the Horizon for Tilray?
The company's merger with Aphria closed in May, but investors shouldn't rule out another one in the near future.
- Motley Fool
Cannabis Producers Could Be Making a Colossal Mistake in Dismissing This Threat
It has now been three full years since Canada legalized the recreational marijuana market on Oct. 17, 2018. In the early stages, marijuana producers in the country were generating strong growth numbers due to the new segment of the market opening up (previously, only medical marijuana had been legal). When cannabis producer Hexo reported its third-quarter earnings (for the period ending April 30) in June, its revenue of 22.7 million Canadian dollars was down 31% from the second quarter, in which sales were CA$32.9 million.
- Motley Fool
Why Canopy Growth, Tilray, and Hexo Stocks Dropped
After glowing a healthy shade of green yesterday, marijuana stocks are wilting on Wednesday, with shares of Canopy Growth (NASDAQ: CGC) down 2.6%, Tilray (NASDAQ: TLRY) tumbling 2.8%, and Hexo (NASDAQ: HEXO) off a more disturbing 6.7% as of 11:30 a.m. EDT. News from Mexico, to be precise. Yesterday, investors snapped up shares of Canopy Growth, which rose 8.6%, and Tilray and Hexo as well -- up 15.8% and 14.8%, respectively.
