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.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
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.
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.
Skilling is a CFD trading platform that offers instruments from markets around the world (Forex, Commodities, Indices, Stocks). Their proprietary platform has been designed to be both intuitive and user-friendly to ensure that anybody who wants to start trading the world’s markets, can feel confident and secure enough to trade without being apprehensive or intimidated when confronted by numbers, graphs and acronyms.
Register with Skilling instantly
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.
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.
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.
10/10
67% of retail CFD accounts lose money
There is good reason to be afraid. Previous down markets have seen declines in excess…
United Parcel Service, Inc. (NYSE:UPS) and FedEx Corporation (NYSE:FDX) are two robust logistics companies. Both…
Canadian crypto mining firm Bitfarms sold roughly $62 million worth of Bitcoin (BTC) in June,…
Invezz does not provide financial advice. Our aim is to simplify information about investing, enabling…
Noma, a Japanese film studio, has announced that it is producing three feature films that…
Bitcoin (BTC) saw continued strength on June 21 as Wall Street trading opened with a…