Tilray Brands Has Diversified Its Business Through Alcohol, but Is the Stock a Better Buy Than It Was 5 Years Ago?

Investing in cannabis stocks like Tilray Brands (NASDAQ: TLRY) has seen poor returns lately, with its valuation dropping by 94% in the past five years. Tilray is seeking to diversify through acquisitions in the alcohol industry to counter its struggles in the U.S. marijuana market.