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.

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Tilray Brands Inc

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Post by Humaniston Jun 02, 2021 10:51pm

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Tilray jumps on Cantor upgrade; cites post-merger strength

Tilray jumps on Cantor upgrade; cites post-merger strength
Jun. 02, 2021 9:00 PM ET
Tilray, Inc. (TLRY)By: Dulan Lokuwithana, SA News Editor

Tilray (NASDAQ:TLRY) has added ~6.6% in extended hours after Cantor Fitzgerald upgraded the stock to overweight from neutral. However, the price target was lowered to $22.00 from $30.25 implying an upside of ~15.8% to the last close.
The firm argues that the Tilray-Aphria merger has brought together Aphria’s leadership in the Canadian recreational cannabis market with Tilray’s strength overseas.
“We do not see another LP that can make these combined claims,” analyst Pablo Zuanic wrote referring to Canadian licensed producers.
Calling Tilray a “bellwether” for the sector, the firm sees over 20% upside for the stock as post-pandemic demand picks up in Canada while cannabis deregulation advances in the U.S.
Yesterday, Canaccord Genuity raised Tilray rival Canopy Growth (NASDAQ:CGC) to neutral from sell citing its recent selloff following lower than expected Q4 financials for fiscal 2021.