very bad news for TLRY shares By Invezz
Tilray (TSX:) Brands stock resumed the downward trend and crashed to its all-time low after suffering a major setback in the United States. TLRY shares plunged to a low of $1.36 on Monday, bringing the year-to-date losses to 36%. It has also retreated by over 50% from its highest level this year, bringing its valuation to $1.2 billion.
Republican sweep, American dreams deferred
Tilray Brands and other cannabis stocks suffered a harsh reversal after last week’s elections in the United States.
Republicans swept three important areas: the presidency, the House of Representatives, and the Senate. Donald Trump even won the popular vote, the first time a Republican candidate has done that.
At the same time, several state cannabis…
