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Tilray Brands, Inc. TLRY

Alternate Symbol(s):  T.TLRY

Tilray Brands, Inc. is a global cannabis-lifestyle and consumer packaged goods company. The Company operates through four segments: Cannabis business, Distribution business, Beverage alcohol business and Wellness business. The Cannabis business segment is engaged in the production, distribution, sale, co-manufacturing, and advisory services of both medical and adult-use cannabis. The Distribution business segment is focused on the purchase and resale of pharmaceutical products to customers. The Beverage alcohol business segment is engaged in the production, marketing and sale of beverage and beverage alcohol products. The Wellness business segment includes hemp foods and hemp-based cannabidiol (CBD) consumer 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, Bake Sale, XMG, Mollo, and others.


NDAQ:TLRY - Post by User

Comment by davgroon Aug 30, 2023 1:05pm
186 Views
Post# 35612255

RE:RE:RE:American Cannabis Update

RE:RE:RE:American Cannabis Update
CaneIsAbel wrote: Spikes like these are thought to hold I agree. Regardless it's a start. You are right through the DEA is known to fight hard against any drug reform. It's there budget bread and butter. Tilray still way undervalued 

Typical cannabis sector over-reacting to political news out of the US.  Share price spike was in part due to shorts rushing to cover.  Now that cooler heads have prevailed the stock prices are dropping back from their highs of today.

True direction of poy share prices will be decided once this news matures and comments are heard from DEA representatives with respect to the HHS recommendation.  In the mean time I wouldn't be surprised to see a RED day tomorrow if there is no additional news as profit taking occurs.

JMO
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