Does Tilray's Report Today Make the Stock a Buy?

Tilray (NASDAQ: TLRY) CEO Irwin Simon made a bold prediction last year when he said his aim for the new company formed when it combined with fellow cannabis grower Aphria was for $4 billion in annual revenue by the middle of 2024.

That goal seems particularly ambitious after the company just reported its third-quarter fiscal 2022 performance and showed it has generated just over $475 million in the last nine months. That disparity also partially explains why Tilray shares are down about 65% in the last year. But after the company just reported a surprise profit in its most recent quarter, investors may be wondering whether now is a good time to buy Tilray stock.

Source Fool.com