10 Best Tobacco and Cigarette Stocks to Buy Now

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

Number of Hedge Fund Holders: 19

Market Cap as of April 25: $496.16 million

Tilray Brands, Inc. (NASDAQ:TLRY) is a Canadian company that grows and markets cannabis for both medical and recreational purposes. Through a reverse merger, legacy Aphria purchased legacy Tilray in 2021 and changed its name to Tilray. Canada and the global medical cannabis export market account for the majority of the company’s sales. CBD products and alcohol are the primary sources of exposure in the United States.

In Q3 of 2025, the firm’s cannabis gross margin increased by 800 basis points year over year to 41%, the highest level in over two years, showing increased profitability. Significant international growth was also recorded by the company, with revenue rising both quarter over quarter and year over year in major markets, including Germany, Italy, Luxembourg, and Portugal. Furthermore, Tilray Brands, Inc. (NASDAQ:TLRY)’s sales of medical cannabis flowers in Germany soared by 79% after legalization.

In Q3 of 2025, the company advanced its Project 420 cutting expenses drive, increasing the target to $33 million and attaining $20.6 million on an annual basis. Tilray Beverages produced $55.9 million in net revenue in the beverage category, with gross margins climbing to 36% from 34% in the same quarter last year. Tilray Brands, Inc. (NASDAQ:TLRY) strengthened its financial position by holding $248 million in cash and marketable securities and lowering its net debt to about $50 million, making it among the Best Tobacco Stocks.