Billion-Dollar Cannabis Giant Tilray To Report Earnings, Here's What Investors Can Expect
Portfolio Pulse from Jelena Martinovic
Tilray Brands, Inc. (NASDAQ:TLRY) is set to release its financial results on October 10, 2024. The company has shown significant growth in its cannabis and beverage-alcohol segments, with recent acquisitions in the U.S. craft beer market. Analyst Pablo Zuanic suggests TLRY as a long-term holding due to its liquidity and market position.
October 01, 2024 | 4:22 pm
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NEUTRAL IMPACT
Tilray's acquisition of four U.S. breweries from Molson Coors (NYSE:TAP) strengthens its position in the U.S. craft beer market. This move is part of Tilray's strategy to expand its beverage-alcohol segment.
While the acquisition of breweries by Tilray from Molson Coors is significant for Tilray, it has a neutral short-term impact on Molson Coors as it is part of a strategic divestment.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Tilray is releasing its financial results on October 10, 2024. The company has shown growth in cannabis and beverage-alcohol revenues and has made strategic acquisitions in the U.S. craft beer market. Analyst Pablo Zuanic recommends TLRY as a long-term investment.
Tilray's upcoming earnings report and recent strategic moves in the cannabis and beverage sectors are likely to positively impact its stock price. The company's growth in key revenue segments and analyst recommendation as a long-term hold suggest a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100