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Stock impact report

Tilray's CEO Makes a Bold Prediction: Is the Stock a Buy? [Yahoo! Finance]

Tilray Brands, Inc. (TLRY) 
Last tilray brands, inc. earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Some companies in the industry diversified away from their cannabis operations as a result. That was the case with Tilray Brands (NASDAQ: TLRY) , which, through acquisitions, became one of the largest craft brewers in the U.S. But it remains a leader in the Canadian pot market and hopes that the legal landscape in other countries, especially in the U.S., will change. Tilray's CEO, Irwin Simon, recently made a bold prediction along those lines. Let's see what he said and whether it warrants investing in this beaten-down stock. Is legalization on the way in the U.S.? Despite Tilray's switch to the beverages market, it still has a massive presence in cannabis. In the first quarter of its fiscal year 2025, ending on Aug. 31, revenue of $200 million increased by 13% year over year. The company generated 31% of its revenue from its cannabis operation, which was second only to its distribution business -- the sale of pharmaceutical and wellness products -- in this department. Til Show less Read more
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