Tilray Is Down 57% in 2026. Here's What History Says About Buying Pot Stocks at the Bottom

Tilray Brands (NASDAQ: TLRY) has been struggling in 2026, with its shares falling by 57% so far. Some may view this as an opportunity to invest in the company, but it's only a sensible move if there's a strong belief that the stock will recover and perform well moving forward. Considering Tilray's previous significant declines during a calendar year could provide insight into its future performance.

In 2021, Tilray began the year on an impressive upward trajectory, surging by over 600% at one point. However, it ultimately erased all those gains and more, concluding the year with a loss of nearly 15%, while the S&P 500 gained around 27% over the same period. But did Tilray recover from this downturn? Unfortunately, the answer is no.

Moving on to 2022, a year that was particularly tough for the entire stock market, Tilray's situation was dire. The S&P 500 experienced a 19% drop during this period, but Tilray's losses were far more pronounced, with the company falling by nearly 62%.