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Chemdawg marijuana plants grow at a facility in Smiths Falls, Ontario, Canada October 29, 2019.

4 major cannabis companies reported disappointing earnings this week. Here’s how each one did.

That led to stock declines across the board for the marijuana producers. Now, shares of each company are a far cry from highs seen over the last year.

Tilray sinks after reporting a larger loss than expected in the second quarter

Tilray's stock has tumbled nearly 80% from the all-time highs it reached a few months after its IPO in 2018.

Weed stocks are surging after one of Canada’s largest cannabis companies doubled its quarterly sales

Tilray is now valued at $4.9 billion, despite its losses, and could keep growing thanks to investments from major players in other sectors, especially alcoholic beverages. Constellation Brands catalyzed a huge rally in Canopy Growth’s stock through the announcement of two investments recently.