Global Meltdown Hits an Industry on the Brink: Cannabis Weekly
- Tilray shares plunge to record low as company issues shares
- Investors evaluating stocks ‘from a liquidation perspective’
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For an industry that was already struggling to survive slumping stock prices and a virtual shutdown of capital markets, it’s hard to overstate the impact of the coronavirus-related market meltdown.
Between the close of trading on Feb. 20 and Thursday, when many global stock markets were hit by once-in-a-generation declines, the BI Global Cannabis Competitive Peers index slumped 43%, bringing its 12-month decline to about 81%.