If You'd Invested $1,000 in Tilray Stock 6 Years Ago, Here's How Much You'd Have Today

One of the starkest examples of the marijuana industry's struggles is the trajectory of one of its flagship stocks, Tilray (NASDAQ: TLRY).In November 2018, Canada was mere weeks into its first phase of legalization. Investors piled into the nation's pot companies, perhaps envisioning a domino effect in which other countries would sanction the drug, one after another. That still hasn't happened to any great degree. Meanwhile, the domestic market has a set of problems to contend with. To be blunt, an investment made in Tilray wouldn't amount to much these days.That's putting it mildly. A $1,000 Tilray bet made in late November 2018 on the company's U.S.-listed stock would have shriveled to a mere $11 at the same point in 2024. That's a decline of almost 99%, akin to burning nearly an entire pile of money.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool