TLRY - Why Bears Think Tilray Brands Will Continue To Dip
2024-05-28 22:07:52 ET
Summary
- Tilray's stock has dropped 20% since the start of 2024, losing nearly 90% of its valuation over the last 3 years.
- Despite the decline, Tilray's market cap of $1.53 billion is still higher than its competitors Canopy Growth and Aurora Cannabis.
- Tilray's investment pitch is focused on its diversified business footprint, with beverage alcohol sales offsetting the decline in its cannabis distribution segment.
Tilray Brands ( TLRY ) has dipped 20% since the start of 2024, maintaining a downtrend that has seen the largest Canadian cannabis company by market cap lose nearly 90% of its valuation over the last 3 years. There might be a reversal at some point, but TLRY's current market cap of $1.53 billion is still far above its competitors and greater than the aggregate market cap of Canopy Growth ( CGC ) and Aurora Cannabis ( ACB ). TLRY's investment pitch is hinged on its diversified business footprint with its growing beverage alcohol sales helping to offset the continued dip of its cannabis distribution segment....
Why Bears Think Tilray Brands Will Continue To Dip