Here's Why Tilray Stock Is Surging

·1-min read
Here's Why Tilray Stock Is Surging

Jefferies analyst Owen Bennett raised his rating on Tilray's stock from underperform to buy. Bennett believes the combination of Aphria and Tilray is a "perfect match," as it brings together their leading positions in Canada and international markets. With a large global geographic footprint, industry-leading operational scale, and low-cost production facilities, Tilray is poised to compete and win in the rapidly expanding cannabis market.