Tilray Brands, Inc. TLRY

Alternate Symbol(s): T.TLRY

Healthcare Cannabis

Tilray Brands, Inc. is a global cannabis-lifestyle and consumer packaged goods company. The Company operates through four segments: Cannabis business, Distribution business, Beverage alcohol business and Wellness business. The Cannabis business segment is engaged in the production, distribution, sale, co-manufacturing, and advisory services of both medical and adult-use cannabis. The Distribution business segment is focused on the purchase and resale of pharmaceutical products to customers. The Beverage alcohol business segment is engaged in the production, marketing and sale of beverage and beverage alcohol products. The Wellness business segment includes hemp foods and hemp-based cannabidiol (CBD) consumer products. The Company offers a portfolio of adult-use brands and products and expands its portfolio to include new cannabis products and formats. Its brands include Good Supply, RIFF, Broken Coast, Solei, Canaca, HEXO, Redecan, Original Stash, Bake Sale, XMG, Mollo, and others.

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Tilray Brands, Inc.

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Post by CaneIsAbelon May 11, 2021 10:18am

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Post# 33173009

New analyst rating today Tilray. Seeking alpha

Tilray resumed with an outperform rating, Elanco and Shockwave upgraded, and more in today's analyst action

May 11, 2021 10:15 AM ETTilray, Inc. (TLRY)By: Jonathan M Block, SA News Editor

Tilray resumed with an outperform rating

Following the closing its acquisition with Aphria earlier this month, Cowen has resumed coverage of Tilray (NASDAQ:TLRY) with an outperform rating and $20 price target.
That implies upside of ~43% from the stock's most recent close.
Analyst Vivien Azer writes that Tilray is now the market share leader in Canada with "best-in-class profitability."
She says the company has about a 19% share of the adult cannabis market, ~420 bps above its closest competitor.
Also, the two companies compliment each other allowing for exposure into different cannabis forms, such as edibles and vaping, as well as into more provinces.