3 Cannabis Stocks on the Brink of a Massive Breakout The closest thing you’ll find to a pure-play cannabis stock on this list, Tilray Brands(NASDAQ:TLRY) is the #1 global cannabis company by market share (clocking in at 13.4%). Moreover, Tilray is increasingly expanding its presence in the craft beer market. That includes buying diversified revenue streams, of course, but also developing a readymade logistic network and infrastructure set to capitalize on legalization the moment it happens.
Tilray is an American company who is in the best position to dominate the industry after simply re scheduling MJ from a class 1 to 3 narcotic. This could be announced tomorrow, next month, next year, next election...who knows but with all the current momentum IMO it will be sooner than later. The stock currently sits under fair market value, kinda a gift this week in my mind so why not add or make your first purchase and hold! Nobody says sell...they are a solid, upfront, transparent company and poised to explode.
This was just before earnings but I believe its still relevant especially after a 25-30% drop last two days.
Was it really that big of a surprise or change in projections? NO! So why not join in on the greed and be patient )
https://www.nasdaq.com/articles/3-cannabis-stocks-on-the-brink-of-a-massive-breakout