10 Most Oversold Canadian Stocks to Buy According to Analysts

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

6-Month Performance: -66.02%

Number of Hedge Fund Holders: 19

Analyst Upside Potential: 187.56%

Tilray Brands, Inc. (NASDAQ:TLRY) is a global lifestyle and consumer packaged goods company. It operates through various segments including Cannabis Operations, Distribution Business, Beverage Alcohol Business, and Wellness Business. The company operates in over 20 countries and supports more than 40 brands across its platforms.

The company has demonstrated significant growth and diversification across its business segments, achieving notable milestones in revenue, market share, and operational efficiency. In the fiscal second quarter of 2025, Tilray Brands, Inc. (NASDAQ:TLRY) reported net revenue of $211 million, reflecting a 9% year-over-year increase. Moreover, gross profit grew by 29%, and gross margin improved by 500 basis points compared to the prior quarter.

The company remains the largest cannabis company in Canada by revenue and regained the top position in the flower category, which constitutes around 35% of cannabis retail sales. It also leads the THC beverage category with a 45% market share. Analysts see more than 187% upside for the company, making it one of the most oversold Canadian stocks to buy according to analysts.