How a freshly grown cannabis company managed to lose $500 million in less than a month
May 02, 2019 at 20:53 PM EDT
As Tilt Holdings Inc. completed a four-way reverse merger and began trading on the Canadian Securities Exchange late last year, the U.S.-based cannabis producer claimed the value of its disparate parts was roughly $500 million. Less than a month later, the pot company had a slightly different valuation for those same businesses: About $7 million..