BUDFF - Tilray Could Break Down

2024-04-07 09:47:22 ET

Summary

• Tilray's stock has bounced back by 55% since mid-November but is down 11% since September.
• The company's recent acquisitions have impacted its balance sheet, with net debt increasing and operating losses expanding.
• Analyst projections for Tilray's future revenue and adjusted EBITDA have weakened, and the stock's chart remains challenging.

I last warned about Tilray Brands ( TLRY ) here in mid-November, suggesting it could make new lows . It did not, as it has bounced twice at the $1.65 area and is now at $2.595, up 55% since then. It's down 11% since I wrote about it in September, calling it very overpriced . The overall cannabis sector, as measured by the New Cannabis Ventures Global Cannabis Stock Index, has declined by less than 5% since then....

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