While TilrayвЂ™s stock has slid substantially over the past 30 days, itвЂ™s fared better than many of its peers. But the stocks have also suffered as legislation to legalize weed on the U.S. Tilray has also diversified into alcoholic beverages through acquisitions such as Atlanta-based SweetWater Brewing and Colorado-based Breckenridge Distillery.Д¬annabis stock performance has largely echoed that of the broader market, albeit much with more dramatic swings. The company acquired fellow cannabis marketer Aphria in May 2021 and recently bought a hefty chunk of debt from Hexo ( HEXO), which could be eventually converted to a 50% equity stake. Tilray has also been very active on the M&A front. Its primary markets are Canada and the U.S., although it has been gaining traction in Europe as well. It also sells hemp-based foods through a subsidiary to grocers like Whole Foods, cannabis-related wellness products and craft alcoholic beverages. Legalization PurgatoryД«ased in Canada, Tilray produces and markets a variety of cannabis products for the medical and recreational markets. will eventually provide a path for legal sales of the product? U.S. Is now the time to buy, as a bet that the U.S.

Longer-term, the one-time high-flier has been dragged down by repeated delays on Capitol Hill, as Congress drags its heels on the federal decriminalization of marijuana in the U.S. Shares of cannabis purveyor Tilray Brands ( TLRY)(TSX:TLRY) have declined 20% over the past 30 days amid a broad market sell-off.

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