Better Cannabis Stock to Buy Right Now: Canopy Growth or Tilray Brands?

Yahoo Finance ·

Tilray Brands ( TLRY +1.44% ) and Canopy Growth ( CGC +0.00% ) are two of the largest cannabis retailers in Canada. Neither stock has fared well this year, with Canopy's shares down by more than 12% and Tilray's by more than 49%. Cannabis stocks have been a wild ride for investors, so people should be willing to take risks if they're investing in these stocks, particularly Canadian companies that may have less upside than U.S.-based ones. However, the decline in their shares belies the revenue growth both companies are showing. Let's take a look at which stock is the better buy right now. Tilray calls itself a global lifestyle and consumer-packaged goods company, with cannabis as only one of its products. The company owns more than 40 brands, including craft beverages, hemp-based foods, and, of course, cannabis. It owns several U.S.-based alcohol brands, including SweetWater Brewing, Breckenridge Distillery, and some former Anheuser-Busch craft brands.

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