Where Will Tilray Brands Be in 5 Years?

During the past five years, the reality of the cannabis industry has not lived up to the hype that accompanied Canada's historic legalization of pot for recreational use in 2018. Cannabis stocks have largely generated abysmal returns during much of that time. Tilray Brands (NASDAQ: TLRY), a leader in the sector, is no exception. However, the company has made significant changes to its business recently and continues to plan for the future in case cannabis legalization progresses. With that in mind, could Tilray's performance during the next five years be much better than it was in the past five?Tilray has become a larger and more diversified company primarily through acquisitions. The pot grower is now a leading craft brewer in the U.S. Of course, it still holds a strong position in the Canadian cannabis market and has operations in Germany. However, the U.S. market has the potential to be the most lucrative for it, and in the next five years, there could be progress on the legalization front. Tilray Chief Executive Officer Irwin Simon recently said that he believes recreational cannabis will be legalized at the federal level during Donald Trump's presidency.Let's suppose that happens. Depending on the details, legalization could open up a world of opportunities for Tilray within the recreational-use market, where it already has established operations. Further, the company could leverage its position as a craft brewer to dominate the market for cannabis-infused beverages. Even under the most optimistic scenario, all of that wouldn't happen in just five years. But Tilray could, at the very least, put itself in a position to succeed well beyond the next half a decade. The company could also make progress in Germany, where it estimates it has a $3 billion opportunity in the medical cannabis market.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool