Tilray Brands Inc (NASDAQ: TLRY) has made a significant stride in its European operations by securing a new cannabis cultivation license in Germany. This development, under the country's new Cannabis Act (MedCanG), is set to substantially boost the production capacity of Tilray's Aphria RX GmbH facility in Berlin.
Acquisitions have been a big part of Tilray's strategy. The company's business is much more diversified than it used to be.
In the latest trading session, Tilray Brands, Inc. (TLRY) closed at $1.93, marking a +1.05% move from the previous day.
Tilray Brands, Inc. (TLRY) closed at $1.91 in the latest trading session, marking a +1.6% move from the prior day.
With a $2 billion valuation, Tilray Brands TLRY ranks as the largest cannabis company outside the U.S., leading in international sales and the Canadian recreational market. Pablo Zuanic of Zuanic & Associates has initiated coverage on Tilray with a 'Neutral' rating, highlighting the company's significant potential in global markets.
Tilray Brands, Inc. (TLRY) closed at $1.66 in the latest trading session, marking no change from the prior day.
Tilray Brands, Inc. (TLRY) closed the most recent trading day at $1.69, moving -0.59% from the previous trading session.
Tilray Brands (TLRY) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Tilray Brands is a leading cannabis producer in Canada, but its growth prospects depend in large part on whether the U.S. will legalize pot in the near future. But even if that doesn't happen, odds are the business will continue to grow its operations via acquisitions.
A company in Tilray Brands' marijuana portfolio just went bankrupt. Tilray now needs a new way to get exposure to the U.S. market.
Tilray Brands is raising money through an at-the-market offering. The money is going to be used to fund acquisitions.
Tilray Brands won't be generating more cash than it spends this year. It had previously advised investors to expect the opposite.