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Tilray will struggle to be long term winner

Tilray Inc(TLRY) currently trades at $7.52 and has fallen by 28% in the past 24 hours. Most pot stocks in Canada are trading close to 52-week lows because of several issues. They have been affected by lower-than-expected demand, mounting losses, regulatory issues, health worries about vaping, the slow rollout of retail stores in major Canadian provinces, cannibalization from the illegal market, high inventory levels, and more.

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Based on this information, investorsQ rates this stock a 3 out of 10. We give it this rating because his stock has moved 90% lower over the past year. Tilray went public at $17 per share in July 2018 and touched a record high of $300 in intra-day trading a couple of months later. The stock was trading at a record low of $3.40 March 25, 2020, which means it has lost a staggering 98% in market value in approximately 18 months. The high forecast for Tilray Inc is $28 and the low is $2. Notably, the company’s market cap is $826.35 million with a 52 week high of $66.40 and a 52 week low of $2.43.

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