Tilray stock (NASDAQ: TLRY) has maintained a bullish outlook since the company’s management was changed.
The rise of the stock value can be greatly attributed to a solid domestic foothold and rising international sales.
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To help stock traders eyeing the Tilray stock, Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
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What is Tilray stock?
Tilray stock is the stock of Tilray Inc. and it trades on NASDAQ under the symbol NASDAQ: TLRY.
Tilray Inc. is a leading global cannabis-lifestyle and consumer packaged Goods Company that operates in Canada, the United States, Europe, and other countries around the world.
Tilray has been actively acquiring and merging with other companies to enlarge its base. In May this year, it merged with a Canadian cannabis company called Apharis. In August, it also purchased some senior secured convertible notes in MedMen Enterprises.
Tilray also owns MacNeil and Sweetwater enterprises; both of which are beverage companies.
Should I buy the NASDAQ: TLRY stock today?
As it stands at the moment, Tilray is a fantastic stock buy, especially because it has returned to growth after a year-long dip in the cannabis sector. The company’s profitability is on the rise as its domestic and international sales increase.
Tilray stock price prediction
The most recent development was the shakeup that took place in Tilray Inc management and it has proved to work since the company’s stock is on the rise thanks to the increased profitability.
$TLRY stock social media coverage
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