10 Best Cannabis Stocks to Buy According to Billionaires

2. Tilray Brands, Inc. (NASDAQ:TLRY)

Number of Billionaire Holders: 7

A pioneer in cannabis research, cultivation, and distribution, Tilray Brands, Inc. (NASDAQ:TLRY)’s unprecedented platform supports over 40 brands in more than 20 countries, including comprehensive cannabis offerings, hemp-based foods, and craft beverages.

Tilray Brands, Inc. (NASDAQ:TLRY) reported a record revenue of $211 million for Q2 of 2025, up 8.9% YoY, but missed market estimates by $5.38 million due in part to a decrease in the company’s Canadian adult-use cannabis sales. The company’s international business also surged by 25% YoY during the second quarter as it launched new commercial products and expanded its reach across Europe. However, Tilray reported an operating loss of $42.2 million in Q2, slightly up from the $41.8 million loss it posted a year ago. Moreover, the company’s adjusted free cash flow was negative $43.6 million compared to $18.4 million in the prior year quarter, largely as a result of an increased demand in its working capital.

To help improve its profitability, Tilray Brands, Inc. (NASDAQ:TLRY) has implemented Project 420, a comprehensive plan focused on enhancing margins and profitability with an aim to achieve $25 million in cost savings, synergies, and cost avoidance initiatives. Moreover, the company’s diversification into the beverages business also seems to be paying off, as Tilray Beverages posted $119 million in net revenue in the first half of FY 2025, a 68.5% increase from the previous year.