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Is Tilray the Ultimate Turnaround Marijuana Stock of 2021?
Investors can finally see the first rays of sunlight after a terrible year for this pot grower.
On July 28, Tilray (NASDAQ:TLRY) stock surged by 26% in a single trading day after the company published strong quarterly results -- the first earnings report its $4 billion merger with fellow Canadian pot grower Aphria. Revenue shot up, the company finally turned a profit, and its international expansion has begun to pay off.
Tilray desperately needed that good news, as its shares are down almost 50% year to date. Let's look at why the future looks bright for this once-beaten-down marijuana company.
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