If You Invested $5,000 in Tilray Brands in 2018, This Is How Much You Would Have Today
It was in October 2018 that Canada legalized recreational marijuana. The hype leading up to a fully legal pot market in the country made investors bullish on pot stocks, sending many of their valuations to obscene levels.
Below, I'll look at how much a $5,000 investment in Tilray Brands (NASDAQ: TLRY) at the time of legalization would be worth today. It might surprise you just how little you would have left, because to say Tilray has struggled would be a gross understatement.
At its peak, there was way too much optimism around Tilray being able to import marijuana into the U.S., and its shares soared to a high of $300. It was an intraday high, and the stock would end up closing much lower: $214. But it puts an exclamation point on just how bullish investors were at the time.
Source Fool.com
