New York, New York--(Newsfile Corp. - April 14, 2023) - Pomerantz LLP is investigating claims on behalf of investors of Tilray Brands, Inc. ("Tilray" or the "Company") (NASDAQ: TLRY). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Tilray and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On April 10, 2023, Tilray issued a press release reporting financial results for its fiscal third quarter ended February 28, 2023. Among other items, Tilray reported that its major segments missed revenue forecasts, while the Company reported a gross loss of $11.7 million for the quarter, compared to a gross profit of $40 million for the same period in the prior year.
On this news, Tilray's stock price fell $0.22 per share, or 8.03%, to close at $2.52 per share on April 11, 2023.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/162412
