Is Tilray Stock a Buy Now?
Stock bargain hunters are sure to hit on beleaguered marijuana company Tilray Brands (NASDAQ: TLRY) sooner rather than later. Operating in a crowded and very competitive market in its home market of Canada, Tilray also faces challenges including, but not limited to, black market competition and a significant lack of growth opportunities.
However, at times it's smart to be "greedy when others are fearful," in the words of investing rock star Warren Buffett. Maybe that's the case for Tilray shares right now, and there's an opportunity that few are realizing.
Tilray is one of the original marijuana majors that sprouted from Canada's full legalization of the drug beginning in 2018. In its early years, as was typical for the weed sector back then, Tilray wasn't shy about expanding through acquisitions and it's kept it up; it scooped up hemp foods specialist Manitoba Harvest in 2019 and fellow Canadian pot purveyor Hexo earlier this year, to name two of its many deals.
Source Fool.com
