Investors who have put a significant amount of money into Tilray (NASDAQ: TLRY) might want to consider cutting out while they still can if for some reason they haven’t already.
After losing a whopping $103 million during a rough 2019, Tilray recently laid off ten percent of its workforce, which is about 140 employees, according to the Motley Fool.
“It sounds like Tilray wants to soften the landing for a disappointing earnings report that could land in another week or two,” said analyst Corey Renaur of the Motley Fool.