Tcnnf stock forecast investor sentiment toward TCNFF stock

Investor sentiment toward TCNFF stock has improved after regulatory hearings signaled possible amendments to THC distribution laws that could widen its market access. Looking ahead, analyst forecasts suggest that Tilray has the potential for substantial revenue growth. The average revenue estimate for the fiscal year 2024 is $798.12 million, representing a 27.27% increase from the previous year. Analysts also project further revenue growth in the coming years, with estimates reaching $1.41 billion by 2029. Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018. Analysts tracking TCNFF stock have revised FY2024 EPS expectations upward by 4%, factoring in operational efficiencies and stronger plant yield per square foot metrics.