Why Tilray Stock Dropped in April

·2 min read
Why Tilray Stock Dropped in April

Canadian cannabis company Tilray (NASDAQ: TLRY) hasn't reported first quarter 2021 financial results yet, but another earnings report in April had an immediate impact on Tilray stock. Canadian peer Aphria reported its financial update on April 12, and disappointed investors sold off Tilray stock, too, knocking it down 13% on the day. The newly combined company using the Tilray name is being led by former Aphria CEO Irwin Simon.

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