Tilray Brands Is Potentially Very Overpriced [Seeking Alpha]
Tilray Brands, Inc. (TLRY)
Last tilray brands, inc. earnings: 3/2 04:05 pm
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Source: Seeking Alpha
The company has shared its financial results for Q4 and announced a beer-related acquisition. I believe Tilray is overpriced and suggest there are better options for cannabis investors. I last wrote about Tilray Brands ( NASDAQ: TLRY ) three months ago. In that piece, I predicted that the price could break $1 . It did not! Of course, the world for cannabis stocks has changed greatly since late August, when the Department of Health & Human Services revealed that it has advised the DEA to move cannabis from the most restrictive level, Schedule 1, to Schedule 3. Cannabis stocks have exploded higher since then. The New Cannabis Ventures Global Cannabis Stock Index, which includes TLRY, is now up 14.4% in 2023 and is up 48.1% in Q3 so far. In Q3, Tilray has rallied 87.8% in Q3, and it is now up 8.9% in 2023, just behind the index. The company has no direct benefit from the potential rescheduling, as it has no cannabis operations in the U.S. American cannabis companies should benefit
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TLRY
News
- Tilray Brands, Inc. to Announce First Quarter 2024 Financial Results on October 4, 2023GlobeNewswire
- Tilray's Best-Selling Beers Make Landfall at Atlantis, Bahamas [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Tilray’s Best-Selling Beers Make Landfall at Atlantis, BahamasGlobeNewswire
- Tilray: North America's Most Transformative Cannabis Company [Seeking Alpha]Seeking Alpha
- Pot Stock Rally Burns Short Sellers for $105 Million in Losses [BNN Bloomberg (Canada)]BNN Bloomberg
TLRY
Earnings
- 7/26/23 - Miss
TLRY
Sec Filings
- 9/22/23 - Form S-8
- 9/15/23 - Form PRE
- 9/1/23 - Form 8-K
- TLRY's page on the SEC website