Should I sell my tlry stock and buy soundhound?

Consider your investment goals and risk tolerance before making a decision. Here's an analysis to help you weigh your options:
1. TLRY's Challenges:
- TLRY faces industry-specific challenges, including regulatory hurdles and intense competition in the cannabis sector.
- The stock has experienced a significant downturn, with a 1-year change showing a decrease of 20.49%.
2. SOUN's Strengths:
- SOUN has demonstrated strong revenue growth and profitability, with a 1-year change showing an increase of 17.72%.
- The company's focus on smart audio technology positions it well for growth in the expanding AI and IoT markets.
3. Investment Considerations:
- Consider your investment horizon and risk tolerance. SOUN's higher profitability and growth potential may align better with a long-term investment strategy.
- TLRY's recent strategic moves, such as launching hemp-derived Delta-9 THC beverages, could present a future opportunity if the cannabis sector stabilizes and grows.
4. Market Conditions:
- The AI and IoT markets, where SOUN operates, are poised for growth, driven by the increasing adoption of smart devices and AI applications.
- The cannabis sector, where TLRY operates, is experiencing regulatory challenges and intense competition, with uncertain growth prospects.
5. Dividend Yield:
- SOUN does not currently offer a dividend yield, which may be a consideration for income-focused investors.
- TLRY's dividend yield is relatively low, which may also be a consideration for investors prioritizing income.
6. Strategic Position:
- SOUN's strategic focus on AI and IoT technology positions it for growth in expanding markets.
- TLRY's strategic expansion into alternative adult beverages could potentially contribute to its growth if the market accepts the new products.
In conclusion, if you are looking for a stock with strong current performance and growth potential in the expanding AI and IoT markets, SOUN might be a better choice. However, if you believe in the long-term potential of the cannabis sector and are willing to hold onto TLRY for its strategic positioning and potential future growth, it may still align with your investment strategy.
Consider consulting with a financial advisor to align your decision with your investment goals and risk tolerance.