NOTE: Management's de-emphasis on investing in th
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Posted On: 01/23/2020 6:19:16 PM
NOTE: Management's de-emphasis on investing in the Canadian Market
Tilray: CAP $1.55 billion
Another perfect example of "how the mighty have fallen," is presented by Tilray (NASDAQ:TLRY). After listing its stock at $17 in its July 2018 initial public offering, and rallying to $300 on the dot by September 2018, Tilray has come full circle, and now sits at less than $16 a share. Management's de-emphasis on investing in the Canadian market has been a bit of a head-scratcher, as has been the company's regular purchases of wholesale marijuana. Tilray's late start to boosting production capacity has left it dependent on other growers to meet its own supply, thereby crushing its gross margin.
Tilray: CAP $1.55 billion
Another perfect example of "how the mighty have fallen," is presented by Tilray (NASDAQ:TLRY). After listing its stock at $17 in its July 2018 initial public offering, and rallying to $300 on the dot by September 2018, Tilray has come full circle, and now sits at less than $16 a share. Management's de-emphasis on investing in the Canadian market has been a bit of a head-scratcher, as has been the company's regular purchases of wholesale marijuana. Tilray's late start to boosting production capacity has left it dependent on other growers to meet its own supply, thereby crushing its gross margin.
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