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Why Tilray Stock Dropped on Friday

TheMotleyFool

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Shares of Tilray (NASDAQ: TLRY) extended their brutal two-day decline on Friday. By the close of trading, the cannabis stock's price was down 9.8% and a total of 56.7% from its highs on Wednesday.

GLJ Research analyst Gordon Johnson told investors to sell their shares of Tilray on Thursday -- and sell they did.

Johnson didn't exactly mince words. He placed a $0 price forecast on Tilray's shares. Essentially, Johnson is predicting that the marijuana producer will collapse by the end of 2022, due to its "dismal" prospects.

Source Fool.com

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