What's Going On With Tilray Brands Stock? Buzzkill
Portfolio Pulse from Erica Kollmann
Tilray Brands, Inc. (NASDAQ:TLRY) shares are trading lower, with a 20% drop over the last five days. The cannabis sector has seen increased investor interest due to a recommendation to the DEA to reschedule marijuana and potential banking reform. Tilray is set to report its Q1 2024 earnings on Oct. 4, with an expected loss of 5 cents per share and revenue of $174 million.
September 21, 2023 | 4:00 pm
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NEGATIVE IMPACT
Tilray's stock is trading lower, with a significant drop over the last five days. The upcoming earnings report could further impact the stock.
The stock's recent drop, coupled with the upcoming earnings report, could lead to further short-term volatility. The cannabis sector's regulatory changes and potential banking reform could also impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100