3 New Reasons to Consider Buying Tilray Brands Stock in 2024
With its shares down by 25% in the last 12 months, investors seem to be passing on Tilray Brands (NASDAQ: TLRY) stock, and it's easy to see why. Despite years of expansion in its cannabis segment, it hasn't yet proven that it can actually make being a shareholder worthwhile.
That may change soon, due to three new developments that support the bull thesis for the stock. While it's still a risky purchase, if it can move toward efficiency and continue growing at the same time, the risk will be worth taking. For now, let's examine these three new reasons to at least consider investing at some point this year.
One of the aspects of Tilray that other commentators and I have found issue with time and time again over the last few years is its persistent unprofitability.
Source Fool.com