Tilray Inc(TLRY) is a stock of interest due to the large impact the company has on the market. Here at Wall Street Facts we only cover the best stocks so make sure you check out our other articles. Today we will be diving deep into all of the essential information you need to know about TLRY. We will be studying the movement so you can make the best decision as an investor.
First, here is information about the company and how it functions: Tilray, Inc. engages in the research, cultivation, production, and distribution of medical cannabis and cannabinoids. The Company is focused on medical cannabis research, cultivation, processing and distribution of cannabis products worldwide. Its products include dried cannabis and cannabis extracts. It operates through the following segments: Cannabis and Hemp. The Cannabis segment sales consists of adult-use, medical and bulk sales of cannabis under regulated licenses and sold to retail, wholesale, pharmacy, government, and direct to patient. The Hemp segment sales consist of hemp seed, hemp foods, board spectrum hemp extract containing CBD which are sold in an unlicensed operation and sold to retail, wholesale and direct to consumers. The company was founded on January 24, 2018 and is headquartered in Nanaimo, Canada.
The stock has moved downwards today by 0.70%. The high for today is 23.63 and today’s low is 22.55. This information is critical in deciding whether this investment is risky or not. We can see the stock is trending downwards, which means the volume of people selling this stock is greater than people buying it. Next we will be going over the forecast.
As an investor, you can get an idea where the stock is trending by the forecast. In this case the high forecast for Tilray Inc is $50.00 and the low forecast is $35.00. We can get a look into the future by looking at past trends. Looking at Tilray Inc’s 5 year movement it seems it has fallen 24%. Overall, Tilray Inc is in great shape going forward. They have a strong market cap of $4.04B and a very bright future ahead fo them.