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Tilray Brands Inc TLRY

Alternate Symbol(s):  T.TLRY

Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company. The Company operates through four segments: Cannabis operations, Distribution business, Beverage alcohol business and Wellness business. The Cannabis operations, which encompasses the production, distribution, sale, co-manufacturing and advisory services of both medical and adult-use cannabis. The Beverage alcohol operations, which encompasses the production, marketing and sale of beverage alcohol products. The Distribution operations, which encompasses the purchase and resale of pharmaceuticals products to customers. The Wellness products, which encompasses hemp foods and cannabidiol (CBD) products. The Company offers a portfolio of adult-use brands and products and expands its portfolio to include new cannabis products and formats. Its brands include Good Supply, RIFF, Broken Coast, Solei, Canaca, HEXO, Redecan, Original Stash, Hop Valley, Revolver, Bake Sale, XMG, Mollo, and others.


NDAQ:TLRY - Post by User

Post by Tradinghandson Apr 12, 2024 7:43pm
150 Views
Post# 35986989

Sad to say but TLRY threw cannabis stocks into a free fall

Sad to say but TLRY threw cannabis stocks into a free fallI appreciate the truth that TLRY came out with the not so hot 2024 guildance but I find it hard to believe that they could see how the rest of the year was going to go afterall Germany market only just opened up and if the DEA does make changes that will benifit TLRY this year I would think that earning would improve but when TLRY threw shadows over guildance it affected all cannabis stock and all you read after was how a lot of them wouldnt be profitable this year with some worse than others. And then the rumblings that not all DEA can agree on changes even saying that it might happen after elections with these latest issues theres little wonder why cannabis stocks started to retrace back towards March's low. The perfect storm happened today with the DOW selling off and its actually down close to 2000 pts from recent highs indicating that a correction might have just started and no wonder the bullish market needed rate cuts to happen but with higher oil inflation is still running hot to the point that the FED might need to raise rates and this is the same problem with cannabis the market exploded only to implode when targets seem further away. I'm long for TLRY but its getting everyone else onboard that matters. Out of all of our peers TLRY is the one for the best chances of survival in uncharted waters. Canada has their own issues ontop. GLTA

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