Nothing that has happened in the “Marijuana Industry” is any real surprise.
I came across this story which I agree with, Why Investing in Marijuana Stocks is a Dumb Idea.
Someone bought TLRY at $300 as it went vertical so what did he see in TLRY at that price level? I bet the guy was stoned when he clicked his mouse on the “Buy” button!
10 months or so later TLRY crashed from $300 to about $28! How is buy and hold working for TLRY investors? All this is great in hindsight but we have seen these types of moves before with other pot stocks.
Anyways I just posted this for entertainment as this TLRY stock has a lot more room to fall and it may even flat line well below the starting price of $20!
You never know, but TLRY could be a different story by the time solar cycle 25 arrives in full force.