Tilray Stock Is Trading Higher Thursday: What's Going On?
Portfolio Pulse from Adam Eckert
Tilray Brands Inc (NASDAQ:TLRY) shares have surged nearly 75% over the last month, driven by cannabis legalization in Germany, optimism for U.S. rescheduling, and a favorable Florida Supreme Court decision. The company announced new products and 420 celebratory events in Canada, and is set to report Q3 financial results with an expected loss of 5 cents per share and revenue of $198.62 million.
April 04, 2024 | 1:24 pm
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Tilray's stock has seen significant growth, attributed to cannabis legalization in Germany, potential U.S. rescheduling, and new product announcements.
Tilray's recent surge is closely tied to legislative advancements in cannabis legalization and optimism in the market, alongside the announcement of new products and events. These factors are likely to keep investor interest high in the short term, especially with the anticipation of the Q3 financial report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100