Tilray Misses After Top Marijuana Stock Canopy Growth Beats
Marijuana Industry News August 11, 2020 MJ Shareholders 0
August 11, 2020 by AggregatedNews Leave a Comment
Marijuana stocks reported mixed results Monday, as Tilray’s (TLRY) Q2 loss was far worse than forecasts, while Canadian cannabis giant Canopy Growth (CGC) beat fiscal Q1 views.
The companies report results as Canada’s marijuana industry deals with lower weed prices — as rivals feed the market with cheap brands to compete with illegal sales — and restricted operations due to the coronavirus pandemic.
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