Tilray was driving almost the entire cannabis space in the past few days. Tilray goes up, most other marijuana stocks follow. When Tilray drops, the rest do as well. Today, this correlation broke down with each passing hour. At the close, Tilray was down 17.62% while Canopy Growth was up 6.29%.
Tilray has roughly $25 million in cash. Canopy will be getting $5.1 billion next month. There will be a lot of tears for those who're holding Tilray.