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1 New Reason to Consider Buying Tilray Brands Stock and 1 New Reason to Sell

1 New Reason to Consider Buying Tilray Brands Stock and 1 New Reason to Sell

Just when things seemed to be looking up, Tilray Brands (NASDAQ:TLRY) shareholders received an unpleasant but not entirely unexpected shock: one of its portfolio companies dedicated to the sale of medicinal marijuana in the United States no longer exists, after having experienced a long period of decline.

But all is not lost and, despite its struggles, Tilray stock could still be decent long-term value under the right conditions. So let’s take a closer look at what happened and why there is also new hope for the future.

Tilray’s home market is in Canada, where it sells both cannabis and alcohol, but it also competes in the U.S. craft beer industry as well as the medicinal cannabis industries in a handful of EU countries.

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Source Fool.com