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Three Reasons to Avoid TLRY and One Stock to Buy Instead
//business-finance.news-articles.net/content/202 .. -to-avoid-tlry-and-one-stock-to-buy-instead.html
Published in Business and Finance on Tuesday, November 26th 2024 at 11:08 GMT by Bill Williamson
Published in Business and Finance on Tuesday, November 26th 2024 at 11:08 GMT by Bill Williamson

What a brutal six months it's been for Tilray. The stock has dropped 22% and now trades at $1.42, rattling many shareholders. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
The article from Yahoo Finance discusses three reasons to avoid investing in Tilray Brands (TLRY) and one reason to consider it. Firstly, Tilray has experienced a significant decline in stock value, dropping over 95% from its peak, reflecting poor investor confidence. Secondly, the company has been diluting its shares to raise capital, which has led to a decrease in shareholder value. Thirdly, despite its efforts in the cannabis market, Tilray has not managed to achieve profitability, with ongoing losses reported. However, the one reason to consider Tilray is its strategic positioning in the potential U.S. cannabis market; if federal legalization occurs, Tilray could benefit significantly due to its established brand and distribution network. Despite this potential, the article suggests caution due to the current financial health and market performance of the company.
Read the Full YAHOO!Finance Article at [ https://finance.yahoo.com/news/three-reasons-avoid-tlry-one-142805600.html ]
Read the Full YAHOO!Finance Article at [ https://finance.yahoo.com/news/three-reasons-avoid-tlry-one-142805600.html ]
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