Tilray Brands Has Been Buying Bitcoin. Could It Help the Stock Surge Higher?

Tilray Brands (NASDAQ: TLRY) has struggled to get its stock price up and attract growth investors in recent years. Although it has diversified into alcohol, many investors see this as primarily a cannabis company. And there's usually not much excitement unless there's talk of possible marijuana reform or legalization in the U.S.Recently, Tilray has looked at another way to potentially appeal to investors, and that's through crypto. On the company's financials, it now has a position in digital assets. While it's not huge, it's something to watch, as Tilray may get busier in adding to its holdings in the future.With other stocks benefiting from Bitcoin's rising valuation simply by loading up on the asset, could investing in crypto be a good move for Tilray Brands?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool