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0 -0.000814332247556986 -0.00162866449511412 -0.00407166123778507 0.0114006514657979 0.0293078175895765 0.00447882736156349 0.00651465798045603
Stock impact report

Cloud lifts over cannabis companies' future amid push to reclassify the drug [Globe and Mail, The (Toronto, Canada)]

Tilray Brands, Inc. - Class 2 (TLRY) 
Last tilray brands, inc. - class 2 earnings: 3/2 04:05 pm Check Earnings Report
The companies had a mostly muted reaction to Trump's executive order, though the sector has been gaining ground since last week in anticipation of the move. Trump's executive order would speed up the Drug Enforcement Administration's process that would shift the drug's current classification as a Schedule I drug, alongside heroin and LSD. Cannabis would instead be a Schedule III substance, like ketamine and some anabolic steroids. The move could spark momentum for an industry that has been struggling under a hodgepodge of state regulations and the constant threat of harsh enforcement of federal laws. Tilray Brands slipped 1.6% to $12.68 following the executive order. The stock is well below its price of $17 when it went public in 2008. Still, it has gained more than 50% in December in anticipation of Trump's executive order. Canopy Growth, which trades on the Toronto Stock Exchange, fell 5.7%, but is up more than 40% in December. Curaleaf Holdings, which also trades on the To Show less Read more
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