1 Stock to Avoid, Fall from $300 to $1.34 (22 Nov 24)
@Mickey082024:
$Tilray Inc.(TLRY)$ reported substantial revenue growth for fiscal year 2024, reaching $789 million—a 26% increase year-over-year. Key segments driving this growth included Canadian and international cannabis, wellness, and beverage alcohol. The company’s Canadian cannabis revenue hit $58.8 million in Q4, marking a strong close to the year. Beverage alcohol, in particular, saw significant expansion, with Q4 revenue rising 137% year-over-year, contributing to a total annualized projection of $300 million for this segment. Tilray’s focus on strategic acquisitions, like HEXO Corp., and expanding its craft beverage portfolio has strengthened its position in the market. Fall 99% Since 2018 $Tilray Inc.(TLRY)$