There has been a resurgence of strong cannabis stock performance over the last few months due to renewed hope that the U.S. will reschedule cannabis and better company fundamentals. Investors have not wasted time rewarding firms that project actual improvement, and Tilray Brands (TLRY) is set to be a big winner.
Tilray announced strong Q1 earnings on Thursday, Oct. 9, and sparked frenzy throughout the cannabis industry. The management underscored profitable expansion in all three divisions (cannabis, beverages, and wellness), and its shares shot up sharply following the announcement. Tilray is proving to be one of the more stable companies within an otherwise unstable market, owing to its growing international sales and cost controls.
