Cannabis Watch: Cannabis stocks fall as analyst takes bearish stance on Tilray

442

Cannabis stocks fell with the broader market Friday, after Jefferies started coverage of Tilray Inc. with a bearish underperform rating and questions about the stock’s high valuation. Tilray Inc. shares TLRY, -2.01%  fell 7% before paring those losses to trade down about 2%. “We appreciate it is well placed in medical but future value here will be driven by IP for which (there is) little visibility near term,” Jefferies analyst Owen Bennett wrote in a note.

Ga naar Bron