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Barclays initiates coverage of Tilray, Cronos and Canopy Growth

Barclays initiates coverage of Tilray, Cronos and Canopy Growth

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Barclays analyst Guarav Jain on Thursday initiated coverage of three cannabis stocks but said their businesses are limited by the relatively small size of the legal market in Canada. Barclays launched overage of Tilray TLRY, -4.86% and Cronos CRON, -4.48% with an underweight rating and price targets of $10 and $5.50 respectively.

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