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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.