2 Reasons to Sell Tilray Stock and 1 Reason to Buy It
Tilray (NASDAQ: TLRY) is the dominant cannabis retailer in Canada. Over the past 12 months, the company had $628.4 million in revenue, nearly twice as much as the No. 2 and No. 3 marijuana retailers north of the border -- SNDL and Canopy Growth. Tilray's reach extends beyond Canada with more than 20 brands in 20 countries, including its beer and alcohol brands.
That hasn't kept it from having a tough year, and its losses are dwarfing those of its competitors. Its shares are down more than 50% over the past year and about 10% in 2023. The shares hit a 52-week low of $2.40 on March 10.
Does its reduced price now make Tilray a deal or is this a stock investors should avoid? Here are two reasons not to buy Tilray now and one reason you should.
Source Fool.com
