Is Tilray's Brewdog Bet Already Backfiring? Collapsing UK Sales Suggest Yes.
Tilray bought Brewdog on the cheap, but there's a reason why it got such a good price.
Is Tilray's Brewdog Bet Already Backfiring? Collapsing UK Sales Suggest Yes.
Overview
Tilray (NASDAQ: TLRY) started its life in the marijuana sector. A few years ago, marijuana was a hot investment theme, and the stock soared on lofty investor expectations for the increasingly legal drug. Realty didn't match expectations, however, and marijuana stocks like Tilray have tanked (it is down more than 95% from its all-time highs).
The company has shifted gears. The recent move to buy Brewdog is an example of the direction change, but it doesn't look like a great decision right now. Here's what you need to know.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
