Better Cannabis Stock to Buy Right Now: Canopy Growth or Tilray Brands?
Tilray Brands (TLRY) and Canopy Growth (CGC), two major Canadian cannabis retailers, have seen significant stock declines this year. Tilray reported Q4 revenue of $281.7M, up 25% YoY, with cannabis revenue at $71.5M, up 5% YoY. Canopy reported Q1 revenue of CA$81.2M, up 13% YoY. Tilray has lower net debt and is closer to profitability, while Canopy has higher debt and ongoing EBITDA losses.
How this was made

The 30-second read
Why it matters
Both companies posted revenue growth and narrowed losses, but remain unprofitable with high debt levels.
Market read
Earnings data may influence short‑term trading decisions in the niche cannabis sector.
What to watch
Regulatory environment and potential US market expansion could materially affect future performance.
Background
The article compares recent earnings results of Tilray Brands and Canopy Growth to suggest a better buy.
Ticker impact
Tilray Brands reported Q4 net revenue of $281.7M, a 25% YoY increase and reduced EPS loss to $0.43.
Potential slight price appreciation if investors value the earnings beat.
Earnings beat and improved margins are new data, but limited scale and ongoing losses temper impact.
Canopy Growth posted fiscal 2027 Q1 revenue of CA$81.2M, up 13% YoY, and narrowed EPS loss to CA$0.03.
Possible modest price gain if market rewards the earnings improvement.
Earnings data is fresh but modest in scale; impact likely limited.
Market effects
Both firms' earnings highlight ongoing challenges in the Canadian cannabis sector.
Limited impact beyond North American cannabis investors.
Low relevance to broader global markets.
Counterpoint
Despite earnings improvements, high debt and lack of profitability may keep shares under pressure.
Key entities
- companyTilray Brands
Canadian cannabis and consumer goods company.
- companyCanopy Growth
Large Canadian cannabis producer.





