What's Going On With Tilray Shares?
Portfolio Pulse from Erica Kollmann
Tilray Brands, Inc. (NASDAQ:TLRY) shares are trading higher after the company announced a renewed national brokerage agreement with Great North Distributors, Inc. The 4-year agreement will continue to make Great North the exclusive representative for Tilray’s full portfolio of recreational cannabis products across the Canadian marketplace, excluding Quebec. Tilray recently released its Q4 and fiscal-year 2023 financial results, beating analyst's top-line estimates. Shares of TLRY are up by more than 26% over the last five sessions and more than 36% over the last month.
July 27, 2023 | 3:17 pm
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POSITIVE IMPACT
Tilray's renewed agreement with Great North Distributors and better-than-expected Q4 and FY2023 results have led to a significant increase in its share price.
The renewed agreement with Great North Distributors ensures continuity in distribution, which is crucial for Tilray's sales strategy. Additionally, the company's strong financial performance, beating analyst estimates, has likely boosted investor confidence, leading to an increase in the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100