Beyond Beer, Tilray’s $1.67 Billion Market Play: Is This Cannabis Giant Still A Smart Buy?
Tilray Brands (NASDAQ:TLRY) remains a cautious investment, according to Zuanic & Associates, despite its solid balance sheet and diverse global assets. With a “Neutral” rating, Zuanic views Tilray as a long-term player in the cannabis sector, though short-term uncertainties cloud its outlook.
Tilray’s international presence is expanding, notably in Germany, where sales have grown 50%. Yet, headwinds persist, including high operating expenses, rising share count and ongoing market share losses in Canada where Tilray has opted against aggressive discounting in certain product categories.
Get Benzinga’s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. You can’t afford to miss out if you’re serious about the business.
U.S. Beverage Expansion Shows Potential
In the U.S., Tilray has bolstered its beverage portfolio with craft beer brands acquired from Molson Coors (NYSE:TAP), positioning itself to gain ground in the non-alcoholic hemp drink …