Tilray's Solei Takes Tea To A New Level With Three Premium Cannabis-Infused Blends
Portfolio Pulse from Jelena Martinovic
Tilray Brands, Inc. (NASDAQ: TLRY) announced the release of three new cannabis-infused tea blends from its wellness brand, Solei. The new teas include Decaffeinated Jasmine Green Tea, Spiced Starlight, and Chai Rooibos, each containing varying amounts of CBD, CBN, and THC. The announcement comes as Tilray's shares traded slightly lower at $1.79 per share during the pre-market session on Wednesday. The article also mentions the performance of other cannabis stocks and the potential for growth in the sector.
December 13, 2023 | 1:52 pm
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Tilray introduced three new cannabis-infused teas under its Solei brand, which could attract consumer interest and potentially increase sales. However, the stock traded slightly lower in pre-market, indicating a mixed immediate market reaction.
The introduction of new products typically generates investor interest and can lead to increased sales, which is positive for the stock. However, the slight dip in pre-market trading suggests a cautious short-term investor response. The long-term impact will depend on consumer acceptance and sales performance of the new teas.
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