Reported 6 months ago
The article discusses the potential impact of the U.S. government's move to reschedule marijuana on Canadian cannabis stocks such as Canopy Growth, Tilray Brands, and SNDL. Canopy Growth has been preparing for U.S. legalization with its acquisition of Acreage Holdings, while Tilray Brands has diversified into alcohol brewing. SNDL, on the other hand, has focused on the Canadian liquor retail segment. While Canopy Growth shows great potential, both Tilray Brands and SNDL, with their diversification efforts, could be better suited for investors considering the delay in legalization. SNDL is noted for its strong exposure to the alcohol industry and the prospect of positive free cash flow in the near future. However, all stocks carry risks and investors should anticipate volatility.
Source: YAHOO