If You'd Invested $5,000 in Tilray in 2018, This Is How Much You Would Have Today
Sad to say, any unfortunate investor who put $5,000 of their hard-earned money into marijuana stock Tilray Brands (NASDAQ: TLRY) in the middle of October 2018 would have lost nearly all of it.
The core reason is simple. Like many other marijuana stocks native to Canada, Tilray was on a (sorry!) high in those heady days; Oct. 17 of that year was when the first phase of that country's full-scale legalization kicked in. Since then, life has become a great deal more difficult for pot companies. Might there be any hope for this beaten-down one?
The numbers, to be blunt, are ugly. That original $5,000 Tilray purchase would be worth $120.74 today, for a decline of almost 98%. That is not a typo or a math mistake.
Source Fool.com