Down 40% This Year, Is Tilray Brands Stock Due for a Much Better Performance in 2025?

Marijuana legalization doesn't appear to be on the horizon anytime soon. And as a result of the lack of excitement in the industry, many cannabis stocks are struggling, badly. Tilray Brands (NASDAQ: TLRY) is no exception as it looks to be on track for another tough year, with its stock price down more than 40% thus far in 2024, entering trading on Monday.But with the stock taking such a beating not only this year but down more than 90% over the past five years, is it due for a rebound in 2025, given its improving financials?Although there haven't been many enticing growth opportunities for Tilray to pursue in recent years in the cannabis industry, the Canadian-based company has been looking at other ways to expand its operations. A good example of that is in beverages, where Tilray has acquired several alcohol brands. By doing so, it has been able to expand into more locations in the U.S., potentially putting it in a better position for the day that marijuana ends up becoming legal in the country (although there's no guarantee that will happen anytime soon, or at all).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool