It would be an understatement to say Canada’s cannabis industry is having a rocky year.
Canada’s cannabis darling hit growing pains in 2018 and 2019, leading to a restructuring of the company founded by Bruce Linton.
But things began looking up mid-week, with the company’s stock price going from less than $10 on Tuesday to more than $12 mid-Friday.
Tilray, which closed its merger with Aphria in May 2021, is known for being the first cannabis company to trade on a major U.S.
But there’s one thing the two companies don’t have in common, and that’s the colour of their bottom line.
Canopy Growth may still be the biggest kid in Canada’s cannabis sandbox, but Tilray’s got the moves.