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Cannabis Stocks Worth Watching - October 7th

Tilray Brands logo with Medical background

Key Points

  • Tilray Brands, Canopy Growth, and Aurora Cannabis are highlighted as key cannabis stocks to watch due to their high trading volumes and involvement in the expanding cannabis market.
  • These companies are engaged in various aspects of cannabis production, distribution, and sale across multiple international markets, including medical and recreational products.
  • Investing in cannabis stocks presents potential high volatility and regulatory risks, reflecting the complexities of the legal cannabis industry.
  • Five stocks to consider instead of Tilray Brands.

Tilray Brands, Canopy Growth, and Aurora Cannabis are the three Cannabis stocks to watch today, according to MarketBeat's stock screener tool. Cannabis stocks are publicly traded shares of companies operating within the legal marijuana and hemp sectors, encompassing growers, processors, retailers and ancillary service providers (such as biotechnology or equipment firms). These investments offer exposure to the rapidly expanding cannabis market but carry heightened regulatory, legal and market-risk factors that can lead to significant price volatility. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Tilray Brands (TLRY)

Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc. is headquartered in Canada.

Read Our Latest Research Report on TLRY

Canopy Growth (CGC)

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.

Read Our Latest Research Report on CGC

Aurora Cannabis (ACB)

Aurora Cannabis Inc., together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.

Read Our Latest Research Report on ACB

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Should You Invest $1,000 in Tilray Brands Right Now?

Before you consider Tilray Brands, you'll want to hear this.

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While Tilray Brands currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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