Despite the increasing legalization of cannabis across the United States, economic and industry-specific headwinds, including a supply glut amid high inflation impacting the overall demand, made 2022 a challenging year for the industry. These challenges are expected to continue through the end of this year. Hence, I think fundamentally weak cannabis stocks Tilray Brands, Inc. (TLRY), Canopy Growth Corporation (CGC), and Sundial Growers Inc. (SNDL) are best avoided now.
Before delving deeper into the fundamentals of these stocks to substantiate why one should avoid them, let’s see what’s happening in the cannabis space.
