Why Investors Were High on Tilray Stock Today
From Yahoo Finance: 2025-03-27 17:50:00
Top Canadian cannabis company, Tilray Brands, saw a 9% increase in stock price following the dismissal of a lawsuit in Massachusetts. The lawsuit accused Tilray and Hexo of failing to disclose actions and acquisition information, with a court ruling in favor of the companies. The plaintiff may appeal.
The lawsuit also involved brokerage Robinhood Financial, subject to arbitration. While this legal win is positive for Tilray, the marijuana industry still faces challenges like market competition and limited growth opportunities. Investors should consider all factors before investing in Tilray Brands.
The Motley Fool Stock Advisor team did not include Tilray Brands in their list of the 10 best stocks for investors to buy. The top 10 stocks identified by the team have the potential for significant returns, with past recommendations like Nvidia yielding substantial profits. Stock Advisor has a total average return of 845%, outperforming the S&P 500.
Eric Volkman, from The Motley Fool, has no position in mentioned stocks. The publication recommends Tilray Brands, highlighting the recent legal victory for the company. “Why Investors Were High on Tilray Stock Today” was originally published by The Motley Fool.