Better Turnaround Stock: Tilray Brands vs. SNDL
Investing in turnaround plays isn't a strategy for the faint of heart, especially not when it comes to Canadian cannabis businesses. Major competitors like Tilray Brands (NASDAQ: TLRY) and SNDL (NASDAQ: SNDL) have lost a significant portion of their value over the last few years while the stock market has grown more than 30%, even amid the effect of a brutal bear market in 2022. SNDL's turnaround is in full swing, and its progress is undeniable.