Tilray's Stock Is Down 45% This Year, and Here's Why It Could Still Go Lower
Investors seeking exposure to the marijuana market may now have a more attractive option to consider.
Tilray's Stock Is Down 45% This Year, and Here's Why It Could Still Go Lower
Overview
Tilray Brands (NASDAQ: TLRY) stock has been having an awful year, as it's down 45% thus far in 2026. The cannabis company, which often boasts of its leadership position in the industry, has continually faced adversity over the years.
Ironically, the legalization of marijuana in Canada hasn't even helped the business. Instead, it has opened the floodgates to more competition and red tape. As a result, the company has pivoted to focus more on beverages and acquired craft brewers to diversify its business and grow sales.
Details
But while the pot stock continues to fall, investors shouldn't assume that it can't go lower. In fact, due to a recent development, there's reason to believe Tilray's stock could decline even further this year.
Source
Originally published at www.fool.com.
