Tilray Brands Expects to Hit a Major Milestone for the Current Fiscal Year: $1 Billion in Annual Revenue. Here's How it Plans to Get There
The cannabis stock has struggled despite Tilray achieving solid growth in its most recent fiscal year.
Overview
Tilray Brands (NASDAQ: TLRY) recently posted record earnings numbers and is focused on even more growth ahead. For the coming fiscal year, it anticipates full-year revenue will exceed $1 billion. It would be a huge milestone for the company, whose growth prospects have been a big concern in recent years.
For growth investors, it may seem a bit surprising, given that marijuana legalization still isn't on the horizon in the U.S., making it challenging for Tilray to continue finding ways to grow. But here's how it believes it can get to $1 billion in revenue.
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Originally published at www.fool.com.
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