Shares of Tilray were down after the company reported a wider-than-expected net loss in the fourth quarter despite a beat in revenue.

What is happening with Tilray?

Cannabis producer Tilray wins dismissal of shareholder lawsuit in New York. A U.S. judge on Monday dismissed a lawsuit accusing Tilray Inc, the world's largest cannabis producer by sales, of fraudulently overstating the value of a marketing and revenue-sharing agreement with Authentic Brands Group Inc.

Is Tilray a good stock to buy 2021?

Overall, given its profitability, return to growth, solid domestic foothold, and rising international sales, Tilray is a fantastic stock to buy, especially after year-long dips in the sector. It's somewhat undervalued at the moment at just 8.4 times revenue.