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Thursday, March 28, 2024

Tilray Crash Continues As Early Week Gains Go Up In Smoke

Courtesy of ZeroHedge. View original post here.

Well that escalated quickly…

Yesterday’s waterfall collapse has extended in the pre-market, sending the cannabis company’s stocks back below $154.99 – the closing price from Tuesday – and down almost 50% from its record highs Wednesday at $300…

And after Wednesday’s chaotic reaction in crypto, as Tilray went crazy, Bitcoin is holding things together, for now…

Oh, and as a reminder, Tilray trades at 971-times-Sales…”no brainer”

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