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Tilray Brands Inc TLRY

Alternate Symbol(s):  T.TLRY

Healthcare Cannabis
Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company. The Company operates through four segments: Cannabis operations, Distribution business, Beverage alcohol business and Wellness business. The Cannabis operations, which encompasses the production, distribution, sale, co-manufacturing and advisory services of both medical and adult-use cannabis. The Beverage alcohol operations, which encompasses the production, marketing and sale of beverage alcohol products. The Distribution operations, which encompasses the purchase and resale of pharmaceuticals products to customers. The Wellness products, which encompasses hemp foods and cannabidiol (CBD) 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, Hop Valley, Revolver, Bake Sale, XMG, Mollo, and others.


NDAQ:TLRY - Post by User

Tilray Brands Inc > Cantor Fitzgerald cuts Tilray rating to neutral...
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Post by av8tor42on Nov 01, 2021 7:34am
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Post# 34071955

Cantor Fitzgerald cuts Tilray rating to neutral...

Cantor Fitzgerald cuts Tilray rating to neutral...Cantor Fitzgerald on Monday downgraded Tilray TLRY, -1.90% to neutral from overweight and cut the cannabis stock's 12-month price target to $11.80 a share from $18. Analyst Pablo Zuanic said the firm "has difficulty making an investment case for them based on fundamentals vs. valuations." While praising Tilray chairman and CEO Irwin Simon as a "visionary" leader that can execute a global growth strategy and corporate governance policies to attract institutional capital, the company should be valued closer to Canopy Growth WEED, -2.37%, which is also rated a neutral by Cantor Fitzgerald. "We rate Canopy Growth at neutral, but we could argue that Canopy is further ahead than Tilray in building a U.S. ecosystem...and has the back-up from Constellation Brands STZ, +0.02%, " Zuanic said. "Even Canopy's consumer packaged goods unit is more developed than Tilray's, if we count from the date of the acquisitions of those businesses (see BioSteel)." Shares of Tilray are up 24.7% so far this year, compared to a drop of 5.8% by the Cannabis Growth ETF BUDX, +0.56%. Shares of Tilray are up 0.9% in pre-market trades on Monday.
 
 
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