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home / news releases / canopy growth stock expect a crash after the high

TLRY - Canopy Growth Stock: Expect A Crash After The High

Tilray Inc.

2024-05-01 09:00:05 ET

Summary

  • Shares of cannabis companies soared after news that the US DEA is considering reclassifying marijuana as a Schedule III drug.
  • Canopy Growth Corporation saw the biggest increase, with CGC stock closing up 78.9%.
  • However, Canopy Growth faces financial challenges, including debt, cash outflows, and declining revenue, making it a risky investment.

DEA to reclassify marijuana as Schedule III drug

For further details see:

Canopy Growth Stock: Expect A Crash After The High
Stock Information
Company Name: Tilray Inc.
Stock Symbol: TLRY
Market: NASDAQ
Website: tilray.com
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