TLRY - Everyone Is Talking About Tilray Brands Stock. Is It a Good Long-Term Option?
2023-12-07 10:15:00 ET
If it plays its cards right, Tilray Brands (NASDAQ: TLRY) could be a stellar long-term investment. Between its massive marijuana empire spanning five continents and a burgeoning craft beer operation in North America, the company is positioned to be a global leader in both emerging and established industries.
But as wise investors know, big plans do not necessarily make for big gains for shareholders, and the ongoing realignment of the cannabis industry makes buying shares right now into a bit of a risky endeavor. So is this stock a smart pick for long-term holding, or would it be better to wait for conditions to improve?
In the long term, the global market for cannabis products will likely look quite similar to the beer or beverage alcohol industry. These businesses cultivate or buy raw materials where it's cheapest to do so, manufacture them according to consumer preferences, distribute the products to retailers, and market them to a crowd of both new and returning loyal customers.
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Everyone Is Talking About Tilray Brands Stock. Is It a Good Long-Term Option?