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

By Yahoo! Finance   |   1 day ago
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.

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