Tilray stock has been on a downward trend, causing Tilray Inc (NASDAQ:TLRY) to lose its market position with an estimated 8% market share in Canada as well as its production growth.
Concerns On Production RampInvestors are not expecting much growth from Tilray compared to peers because of concerns related to its production ramp. The production ramp is expected to produce less in terms of total production as compared to bigger rivals such as Canopy Growth Corp. (NYSE:CGC) and Aurora Cannabis Inc. (NYSE:ACB).
Tilray stock is currently trading at a third of its valuation ...
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