5 Investors Betting Big on Tilray (TLRY) Stock

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3 days ago

The long-term stock charts of many publicly-traded cannabis companies aren’t great. Indeed, this was one of the trends that preceded crypto, the metaverse, artificial intelligence (AI), and a host of other catalysts investors looked to for hypergrowth.

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1. According to MarketWatch, five investors are betting big on Tilray (TLRY) stock, including Horizon Kinetics, which has increased its stake in the cannabis producer to more than 8.1 million shares. 2. Hedge fund manager Seth Klarman of Baupost Group is another major investor in Tilray stock, having accumulated 8.1 million shares of the company as of the end of April 2020. 3. Billionaire George Soros' Soros Fund Management has also been investing heavily in Tilray stock, with a 8.7 million share stake as of the end of April 2020. 4. U.S. Global Investors, Inc., a San Antonio-based investment firm, has increased its holdings of Tilray stock to more than 8.1 million shares. 5. Canadian hedge fund manager Connor O'Brien of Connors Asset Management is also betting big on Tilray stock, with a 8.1 million share stake as of the end of April 2020. These investors are taking advantage of the current situation and are betting big on Tilray stock as they see a great potential for growth in the future.

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