Tilray is a US-listed stock that in its own words – is “pioneering the future of cannabis globally”. The firm is involved in several segments of the ever-growing legal cannabis industry – including research, cultivation, processing, and distribution.
If you’re based in the UK and wish to buy Tilray shares yourself – the process can be completed in minutes when using the right brokerage site.
In this guide, we’ll show you how to buy Tilray shares online in the UK. We’ll walk you through the process of choosing a suitable broker, opening an account, and then completing your Tilray share purchase.
- 1 Step 1: Find a UK Stock Broker to Buy Tilray Shares
- 2 Step 2: Research Tilray Shares UK
- 3 Tilray Share Price History
- 4 Tilray Shares Dividend Information
- 5 Should I Buy Tilray Stock Today?
- 6 Step 3: Open an Account and Deposit Funds
- 7 Step 4: Trade or Buy Tilray Shares
- 8 Tilray Shares Buy or Sell?
- 9 The Verdict?
- 10 eToro – Buy Tilray Shares With Zero Commission
- 11 FAQs
Tilray is a Canadian company that is listed on the NASDAQ exchange. Crucially, this means that in order to buy some shares of your own you will need to use a broker that gives you access to the US markets.
There are many brokers that offer just this, albeit, you need to be extra careful when it comes to fees. This is because some brokerage in the space charge high fees to invest in non-UK stocks.
With this in mind, we have hand-picked a small selection of UK stock brokers that not only allow you to buy Tilray stock – but in a cost-effective manner.
1. eToro – Buy Tilray Shares With Zero Commission
eToro is an online stock broker and CFD trading platform is now home to over 13 million account holders. The provider is super-popular with inexperienced traders as the process of opening an account and making an investment can be completed with ease. One of the most attractive things about choosing eToro as your go-to broker is that it does not charge any share dealing fees.
There is no requirement to pay any account application, or monthly fees, either. As such, eToro is by far the most cost-effective option in the UK brokerage scene. In terms of what you can invest in – eToro covers 17 UK and international markets. This does, of course, include the NASDAQ. As such, you can buy Tilray shares at the click of a button – fee-free. You are only required to invest $50 (£40-ish) too, as eToro facilitates fractional ownership.
If you are a complete stock market novice, then you might want to explore the Copy Trading feature offered by the site. As the name implies, this allows you to choose an expert investor and then copy their portfolio. You can even elect to copy their ongoing buy and sell orders – subsequently resulting in a 100% passive investment strategy. This requires a minimum investment of $200. You will also have access to a wide variety of educational and research tools.
If you’re keen to invest in shares via your mobile phone – eToro offers a top-rated investment app. This can be downloaded free of charge on Android and iOS devices. Alternatively, you can also use the main eToro website – as you will be trading with the same account. This broker requires a minimum deposit of $200 (£160-ish) and it supports debit cards, credit cards, e-wallets, and a bank transfer. eToro is partnered with the FSCS (£85,000 protection) and licensed by the FCA.
- User-friendly online stock broker
- Buy shares without paying any commission or share dealing charges
- 800+ shares listed on UK and international markets
- Buy shares or trade CFDs
- Social and copy trading tools
- Accepts PayPal
- Mobile trading app
- Holds an FCA licence
- Not suitable for advanced traders that like to perform technical analysis
75% of retail investor accounts lose money when trading CFDs with this provider.
2. Plus500 – Commission-Free Stock CFD Trading Platform
Plus500 is home to a huge UK stock trading community. This trusted platform specialises exclusively in CFD instruments – meaning that you will be trading assets as opposed to buying them. The Plus500 asset library covers thousands of financial instruments across stocks, indices, interest rates, commodities, cryptocurrencies, and forex.
Crucially, this includes Tilray stock CFDs. Some of the many benefits of choosing Plus500 to trade Tilray shares is that you can apply leverage of up to 1:5. In simple terms, this means that a £100 account balance would allow you to enter a position worth £500. If you’re a professional trader then you will get even higher limits. Unlike traditional stock brokers, the Plus500 CFD platform allows you to profit from rising and falling markets.
In other words, you get to choose from a sell or buy order – meaning that you can attempt to make a profit irrespective of which way Tilray stocks are moving in the market. Each and every financial instrument – including Tilray stock CFDs – can be traded commission-free at Plus500. At the time of writing, you will benefit from a very tight spread of just $0.21, too. Much like eToro, Plus500 allows you to trade online or via your mobile phone. The latter includes a native mobile stock trading app on iOS/Android devices.
If you like the sound of Plus500, you can easily open an account. You simply need to provide some basic personal information and contact details. Then, you’ll need to meet a minimum deposit of £100 or more. You can do this instantly with a debit/credit card or Paypal. Or, bank transfers are also supported – but processing times can take a couple of days. Plus500UK Ltd is authorised & regulated by the FCA (#509909).
- Commission-free CFD platform – only pay the spread
- Thousands of financial instruments across heaps of markets
- Retail clients can trade stock CFDs with leverage of up to 1:5
- You can short-sell a stock CFD if you think its value will go down
- Takes just minutes to open an account and deposit funds
- CFDs only
- More suitable for experienced traders
80.5% of retail investors lose money trading CFDs at this site
this is especially important in the case of Tilray. After all, the company is operating in an unproven, high-risk industry. Moreover, Tilray was only launched in 2013 and went public in 2018.
As a result, the next sections of this guide will cover some background information on the stock and what you should consider before taking the plunge.
As noted above, Tilray went public in 2018. The firm opted for the NASDAQ exchange and initially priced its shares at $17 per stock. Just four months later, the very same stocks were valued at $148 – representing a rapid increase of 770%. On the one hand, those that backed the firm during the IPO and managed to cash out near its October 2018 peak are looking at unprecedented gains.
On the other hand, the stocks have since been moving in the wrong direction. In fact, at the time of writing the Tilray share price is just $5.40 on the NASDAQ. This is very concerning for two key reasons. First and foremost, $5.40 translates into a stock price capitalisation of over 96% from its prior all-time highs.
This has resulted in the vast bulk of Tilray’s market capitalisation being wiped out. At the time of writing, this stands at just under $700 million – which is small-fry. Secondly, a stock valuation of $5.40 is 68% lower than its initial IPO price. In more recent months, much of this downfall occurred in the response to the coronavirus pandemic. Starting the year at $16.40 -Tilray shares hit 2020 lows of just $2.43. At the very least, the shares have recovered by over 122% since this 52-week lows.
It goes without saying that a company as young and as unprofitable as Tilray does not pay dividends. Instead, all operating profits are being reinjected into the long-term growth of the stock. If dividend stocks are what you are after, you’ll want to focus on large-cap companies that have a long-standing track record of making distributions.
Should I Buy Tilray Stock Today?
So that begs the question – should you buy shares in Tilray? Unfortunately – the answer to that question can only be realised upon performing in-depth research. To help you along the way, below we cover some of the most important factors that you need to take into account before buying Tilray shares.
The Legal Cannabis Industry is Huge
Although figures vary wildly depending on the metrics used to perform the study – BusinessInsider notes that the legal cannabis industry was worth between $20-$23 billion in 2017 in the US alone. The same publication states that this figure is estimated to increase to $77 billion by the end of 2027. With that said – the numbers are significantly higher when you look outside of the US.
Relaxation of Laws is Crucial
By investing in a cannabis stock like Tilray, you are somewhat reliant on government legislation. In other words, the long-term goal is for more and more countries around the world to relax the laws not only on medical usage – but recreational. Regarding the former, there are dozens of nations around that permit the medical-usage of cannabis.
This must, however, be provided by licensed dispensers. On the other hand, the recreational side of the industry is substantially larger. At the time of writing, just Canada, Uruguay, and several US states permit the recreational sale of cannabis. But, if more governments follow suit – this would be extremely welcome for Tilray shareholders.
Discounted Share Price
As we covered in earlier, Tilray shares have capitulated not only since their all-time highs – but the initial IPO price. While this is, of course, very concerning for stockholders – this does mean that you can buy the shares at a huge discount.
For example, at $5.40 per stock – a return to an IPO price of $17 would represent upside of 214%. On the flip side, there is no guarantee that this will be the case. As such, you should keep your stakes to a minimum.
With a current market capitalisation of $686 million – Tilray shares are going to move in much more volatile cycles in comparison to large-cap blue chip stocks. This means that they might not be overly suitable if you are an inexperienced investor. After all, you are likely to see the value of your Tilray stock goes up and down in sharp movements. For example, between September 8th and 23rd – Tilray shares lost just over 16% in value. But, in the proceeding 11 days – the shares increased by 14%.
Step 3: Open an Account and Deposit Funds
If you have performed sufficient research and analysis on Tilray and you still want to continue with your share purchase – the next step is to open an account with your chosen broker. To walk you through the process, we are going to show you what you need to do with FCA broker eToro.
Note: We have chosen eToro as the platform allows you to buy Tilray stock commission-free and it doesn’t charge any monthly or annual fees.
First and foremost, visit the eToro website and begin the registration process. The broker will need to collect some personal information from you – as per FCA regulations.
- Full name
- Date of birth
- Home address
- National insurance number
- Contact details
- Username and password
As is the case with all FCA-regulated broker, eToro will need to run through a quick KYC (Know Your Customer) process. This only takes a couple of minutes and simply requires the documents listed below:
As such, you will need to upload the following documents:
- Passport or Driver’s License
- Bank Account Statement or Utility Bill
If you don’t have these documents to hand – not to worry. You don’t need to upload them until you make a withdrawal request or you attempt to deposit more than $2,250.
When it comes to funding your eToro account – you can choose from the following payment methods.
- Debit card
- Credit card
- UK bank transfer
You will need to meet a minimum deposit of $200.
As long as you opted for a debit/credit card or e-wallet, your eToro deposit will have been credited instantly. If so, you now need to search for ‘Tilray’.
Then, click on the ‘Trade’ button.
Finally, you need to specify how much you wish to invest. eToro offers fractional ownership so you don’t need to purchase full shares. Instead, as long as you meet a $50 minimum – you can invest any amount you like.
Finally, click on the ‘Open Trade’ button to complete your commission-free Tilray investment.
Note: eToro also allows you to trade Tilray shares via CFDs. This gives you the option of applying leverage of up to 1:5 – meaning that you can trade with fives time more than you have available in your account.
Most analysts on Wall Street have Tilray as a ‘hold’ at the time of writing. This means that the general consensus does not favour a buy or sell. Crucially, Tilray is likely to appeal to those of you that have a firm belief in the future of the legal cannabis industry.
With that said, even if the industry does continue to thrive as expected – there is no guarantee that Tilray stock will follow suit. As such, the only way that you can make an informed investment decision is to perform heaps of independent research.
Buying shares in Tilray from the UK is a process that can be completed in minutes. The most important part of the process is finding a suitable share dealing platform. After all, many UK brokerage firms will charge a premium to invest in US stocks.
But, by opting for our top-rated platform eToro – you can buy Tilray shares without paying any fees or commissions. You can do this in no time at all by using an instant deposit method like a debit/credit card or e-wallet.
Simply click the link below to get started!
75% of retail investor accounts lose money when trading CFDs with this provider.
When was Tilray launched?
Canadian company Tilray was launched as recently as 2013.
What stock exchange are Tilray shares listed on?
Tilray is listed on the NASDAQ exchange.
What price were Tilray shares went it went public?
Going public in 2018 - The Tilray share price was initially $17. Although it went on a parabolic upward trajectory in the proceeding months - the shares are now worth just $5.40 (as of October 2020).
What is the minimum number of Tilray shares you can buy?
This depends on the stock broker that you use. For example, some UK brokerage firms require a minimum investment of £500 or more. However, by using a newbie-friendly platform like eToro - you can invest from just $50 (£40-ish).
What is the highest price Tilray shares have hit?
Tilray stock last hit all-time highs in October 2018 - reaching $148 per share. This amounts to 770% more than its IPO price of just a few months prior.