Tilray Brands news. Good read Tilray Brands
Tilray Brands (TSX:TLRY) was the result of the merger of a U.S. and a Canadian cannabis company, which was supposed to create one of the largest entities in the global Cannabis market. The stock performed well for a while, but following the bear market phase of the rest of the marijuana industry, it fell hard and lost over 91% of its value.
Tilray has multiple brands under its name and covers both the healthcare and recreational segments of the market. It also has international-market-specific brands and a presence in multiple promising markets, including Europe and Australia.
This international presence means that it doesn’t just rely on U.S. federal marijuana legalization for explosive growth. If it gains enough traction in any of its regional markets, that may carry the stock ahead of the rest of the sector still struggling with the black market.