TLRY stock got a lift after Donald Trump said he supported lowering the classification of the drug. Is now the time to buy the cannabis stock?
Tilray Brands (NASDAQ: TLRY) stock price has crashed hard this year, continuing a downtrend that started in 2018 when it peaked at $300. It has plunged to $1.62, bringing its market cap to over $1.37 billion.
In the closing of the recent trading day, Tilray Brands, Inc. (TLRY) stood at $1.66, denoting a -1.19% change from the preceding trading day.
Tilray Brands concludes the acquisition of three craft breweries and related brands from Molson Coors, expanding its position in the U.S. craft beer market.
Tilray Brands, Inc. (TLRY) closed the most recent trading day at $1.70, making no change from the previous trading session.
Tilray Brands just executed a major bolt-on acquisition of craft beer brands. It also got the licenses it needs for Germany's medicinal marijuana market.
Tilray's financial results have generally been unimpressive. Regulatory challenges make the company's prospects uncertain.
Tilray Brands is buying more beer brands to bolster its beverage portfolio. Its beverage business was the biggest source of revenue for Tilray last quarter.
Tilray Brands is acquiring businesses, working with regulators, and planning ahead. The acquisition of four craft beer breweries will shore up its U.S. operations.
The latest trading day saw Tilray Brands, Inc. (TLRY) settling at $1.89, representing a +1.07% change from its previous close.
Cannabis stocks have erased most of the gains made earlier this year as concerns about regulations continued. The AdvisorShares Pure US Cannabis ETF (MSOS) was trading at $7.08 on Friday, down by over 37% from its highest point this year.
The Canadian pot purveyor was awarded a new cultivation license in a large European nation. The company's net revenue from sales outside Canada rose 22% in its most recent fiscal year.