Tilray Brands Stock Is on Track for Its Best Year Since 2018. Has It Become a Good Buy?

Tilray Brands (NASDAQ: TLRY) is a leading cannabis producer in Canada, and it's been seven years since the country legalized marijuana for recreational use. Since then, however, Tilray's stock has been in a persistent tailspin. As competition intensified in the Canadian cannabis market and growth became more difficult, investors turned bearish on stocks like Tilray.This year, however, things have been looking much better for the company. There are renewed expectations of marijuana reform in the U.S., and that has helped push Tilray's value up. Entering trading this week, the stock was up by 20% since the beginning of the year. And if that doesn't change, it will be Tilray's best performance since 2018, when it went public and its shares soared more than 200%.Is this a sign that the tide has turned for Tilray, and that it can be a good investment to add to your portfolio today?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool