What's Going On With Tilray Brands Stock?
Portfolio Pulse from Dylan Berman
Tilray Brands, Inc. (NASDAQ:TLRY) stock is trading higher following the introduction of a new product, the Warming Deep Tissue Stick, to its Solei cannabis wellness brand. The product will be available in Ontario and select retailers across Canada starting next month. Tilray shares have risen about 7% over the last month amid anticipation of marijuana rescheduling in the U.S.
May 23, 2024 | 3:41 pm
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POSITIVE IMPACT
Tilray Brands has introduced a new product, the Warming Deep Tissue Stick, to its Solei cannabis wellness brand. The product launch and anticipation of U.S. marijuana rescheduling have driven the stock up 7% over the last month.
The introduction of a new product to Tilray's Solei brand is likely to attract consumer interest and drive sales. Additionally, the broader market anticipation of U.S. marijuana rescheduling is positively impacting cannabis stocks, including Tilray.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100