Tilray (NASDAQ: TLRY), Canopy Growth Corp. (TSX: WEED) (NYSE: CGC) and Cronos Group (NASDAQ: CRON) were recently noted as three pure-play marijuana stocks currently listed on U.S. stock exchanges in an article on Fool.com titled, “The Marijuana Stock That Wall Street Likes the Most” authored by Keith Speights. Per the article, Tilray has been ranked as a “strong buy” by analysts at Cowen & Company, Northland Capital, and Roth Capital. Zacks Investment Research referenced Cowen & Company and GMP Securities in its list of analysts covering Canopy Growth, which received “buy” or “strong buy” ratings as well. Cronos Group, however, was covered only by two Canadian investment firms. At the end of the day, Wall Street analysts seem to be the most bullish on the company that has delivered the best stock performance, which is Tilray. The article noted that Tilray may be enticing investors’ because of its potential to land the next major deal, perhaps with Diageo (NYSE: DEO), a multinational alcoholic beverages company that is reportedly seeking a cannabis partner.
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About Tilray®
Tilray is a global pioneer in the research, cultivation, production and distribution of cannabis and cannabinoids currently serving tens of thousands of patients in eleven countries spanning five continents. For more information, visit the company’s website at www.Tilray.com.
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