On January 12, 2024, Irwin Simon, the President and CEO of Tilray Brands Inc (NASDAQ:TLRY), made a significant insider purchase, acquiring 53,700 shares of the company. This transaction was filed with the SEC and can be viewed in detail through the SEC Filing.
Tilray Brands Inc is a global pioneer in the research, cultivation, production, and distribution of medical cannabis and cannabinoids. The company aims to lead, legitimize, and define the future of the industry by building the world's most trusted cannabis and hemp company.
Insider buying and selling activities are closely monitored by investors as they can provide insights into a company's internal perspective. An insider purchase, such as the one made by the insider, may suggest a belief in the company's potential for growth or that the shares are undervalued. Conversely, insider selling might indicate that insiders believe the stock is fully valued or that its prospects are not as positive.
Over the past year, the insider has purchased a total of 53,700 shares and has not sold any shares, according to the data available.
The insider transaction history for Tilray Brands Inc shows a pattern of insider confidence, with 3 insider buys and no insider sells over the past year.