The flood of stocks on the market for sale tends to create downward pressure on share prices. That's what appears to have happened for Tilray today, with its stock down on trading volume more than 2.6 times its average volume. Image source: Getty Images.
Full Answer
What happened to Tilray stock after Q3 earnings?
2 hours ago · 3. It isn't well positioned for the U.S. market. Perhaps the largest and most important reason why you should avoid buying Tilray stock right now is that the business simply isn't prepared to take ...
Is Tilray brands the world’s largest cannabis company?
1 day ago · Three analysts covering Tilray have taken a neutral tone, but they have set optimistic price targets. The consensus is $7.96, which implies more than 20% upside from the recent price of …
Should investors stay away from Tilray stock?
1 day ago · TLRY stock is in the doldrums. Tilray (NASDAQ: TLRY) announced on April 6 that its quarterly earnings ending Feb. 28 finally turned net income profitable. That’s …
How did Tilray's revenue grow 25% YoY?
As the largest cannabis company in Canada and one of the biggest in the world, Tilray Brands (NASDAQ: TLRY) has a lot in its favor. With its quarterly...
What happened
Shares of Tilray (NASDAQ: TLRY) jumped 13.6% on Monday after the cannabis company reported a significant improvement in its operational and financial results.
So what
Tilray's net revenue climbed 20% year over year to $155 million in its fiscal 2022 second quarter, which ended on Nov. 30. The gains were driven in part by the company's expansion into alcohol and hemp-based wellness products.
Now what
The cannabis leader also announced its plans to change its name to Tilray Brands, to reflect its desire to become a "global consumer packaged goods powerhouse." The company intends to bolster its Manitoba Harvest hemp and CBD (cannabidiol) wellness division and SweetWater craft brewing brand via distribution and innovation investments.
The Motley Fool
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.