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Oracle Corp’s (NYSE: ORCL)...

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15%...

RTX Corp (NYSE: RTX)...

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03...

GameStop Corp. (NYSE:GME) Quarter...

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after...

Advanced Micro Devices (NASDAQ:AMD)...

Shares of Advanced Micro Devices (NASDAQ:AMD) drops 0.38% in afterhours in last trading...
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Tilray Brands (NASDAQ: TLRY) Prolongs Bear Market In Growth Stocks As Expects Grow by 20 Times by 2030

Tilray Brands (NASDAQ: TLRY) slightly up 0.77% to trade at $3.29 in early trading session as the firm had a disastrous year in 2022. Tilray’s shares have lost 58% of their value this year, thanks to the prolonged bear market in growth stocks and the hurricane-force headwinds striking the cannabis industry.

Tilray Brands (TLRY) has had a year to forget in 2022, and because to the prolonged bear market in growth companies, combined with the hurricane-force headwinds that have just slammed the cannabis industry, Tilray’s shares have lost a staggering 58% of their value.

Most researchers predict that worldwide cannabis sales will exceed $248 billion by the end of the decade. Tilray appears to be a strong contender to be in that small group of companies vying for top-dog status in the global cannabis industry by 2030, with an international footprint that currently spans 21 countries, multiple jumping off points in play for when U.S. sales become federally permissible, and an ongoing build out of a diverse and stable revenue stream.

Tilray’s stock has been under pressure this year as a result of its declining share of the Canadian cannabis market, its continuous expansion into risky markets such as craft beer and spirits, and its failure to generate positive free cash flows on a quarterly or annual basis.

The core of the matter is that, due to the very competitive nature of the Canadian cannabis market, Tilray, among others, has been compelled to diversify into substantially similar areas of the consumer-packaged products business, such as alcohol. While this strategic shift appears prudent given the adverse dynamics occurring in the Canadian marijuana industry right now, this diversification strategy hasn’t been well received by investors for two reasons.

To begin, Tilray’s spending has skyrocketed as a result of its SweetWater and Breckenridge purchases. Second, the company’s recent slide in the Canadian cannabis industry might be attributed to its expansion into alcohol. Tilray has lost over half of this major market since the middle of 2021. Although customers’ preference for high-quality, uber-potent artisan brands has likely contributed to Tilray’s declining market share, the reality remains that the firm might have fended off up-and-coming competitors like OrganiGram Holdings if its primary emphasis had been cannabis.

Oracle Corp’s (NYSE: ORCL) Cloud Business Faces Headwinds: What Lies Ahead

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15% or $15.21 to trade at $111.50 in pre trading session on...

RTX Corp (NYSE: RTX) Updates 2023-2025 Outlook amid Engine Part Challenge

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03 per share, bringing its current trading price to $77.45. The company,...

GameStop Corp. (NYSE:GME) Quarter Report: Resilience amidst Market Turbulence

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after the market closes today. Shares were slightly down in the pre-trading...

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C3.ai Inc. (NYSE: AI) Short Seller Accuses Company of ‘Highly Aggressive Accounting’

Shares of C3.ai Inc. (NYSE: AI) inches down in pre trading session on Thursday as Kerrisdale Capital, a short seller, claimed that the business software firm has "severe accounting and transparency concerns." In a letter to Deloitte & Touche LLP,...

Walmart Inc. (NYSE: WMT) Aims to Cut 2,000 Workers at Five US E-Commerce Facilities

Walmart Inc. (NYSE: WMT) inches down in early trading session on Tuesday as the company would eliminate more than 2,000 workers at five US e-commerce facilities, as per Bloomberg. According to the report, which used regulatory filings, the layoffs...

BlackBerry Limited (NYSE: BB) Declares $900M Patent Sale to Malikie Innovations

BlackBerry Limited (NYSE: BB) drops around 2% in pre session on Monday as the business recently announced a new patent sale agreement for up to $900 million with Malikie Innovations Ltd, a division of the industry's top patent monetization...

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