Next week, on July 28, leading cannabis producer Tilray Brands (NASDAQ: TLRY) is scheduled to report its latest quarterly results.
They’ll be for its fourth quarter, wrapping up the company’s 2026 fiscal year
That’s always a big one for companies, as they may make major announcements and also provide guidance for the year ahead. If the results and news are encouraging, Tilray’s stock may soar, leading to a rally in the weeks and months to follow. With the stock trading near its 52-week low, is it a good idea to buy Tilray Brands stock right now, before the company reports its latest results?
If Tilray Brands’ growth rate continues improving, that could be the catalyst the stock needs Tilray operates in a highly competitive Canadian cannabis market, where it’s tough to grow its business while maintaining high margins. As a result, it has leaned heavily on acquisitions and on diversifying into other parts of the world, even into beverages, to grow its sales. The good news is that the company’s growth rate has been improving in recent quarters and was back up to double digits in the third quarter.