Why Tilray Stock Dropped on Friday

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.

Continue reading

Source Fool.com