Pot firms rally after U.S. reclassifies marijuana as less dangerous drug [BNN Bloomberg (Canada)]
Tilray Brands, Inc. (TLRY)
Last tilray brands, inc. earnings: 3/2 04:05 pm
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Source: BNN Bloomberg
Cronos Group Aurora Cannabis Canopy Growth Tilray Brands jumped between six per cent and 13 per cent following the announcement, which many in the industry see as “most consequential federal cannabis policy development in decades.” In a post on X, Acting Attorney General Todd Blanche said the Department of Justice was “immediately rescheduling FDA-approved marijuana and state-licensed marijuana from Schedule I to Schedule III.” The department is also initiating an expedited hearing to consider the broader rescheduling of marijuana. Industry executives applauded the decision. “Rescheduling has the potential to accelerate clinical research, broaden access and elevate the quality, consistency, and safety standards that establish medical cannabis as a legitimate pillar of modern healthcare,” Tilray CEO Irwin Simon said in a statement. Cannabis firms will also no longer be subject to Section 280E, a provision of the U.S. federal tax that prevents businesses dealing in Schedule I-
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TLRY
News
- Cannabis shares retreat after initial rally on narrow scope of U.S. rescheduling [BNN Bloomberg (Canada)]BNN Bloomberg
- Canadian pot stocks rally after U.S. loosens marijuana restrictions [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Pot firms rally after US reclassifies marijuana as less dangerous drug [Yahoo! Finance Canada]Yahoo! Finance Canada
- Pot firms rally after US reclassifies marijuana as less dangerous drug [Yahoo! Finance]Yahoo! Finance
- Tilray Up 14% In US Premarket Trade As Says "Positioned" For Expansion "Amid Historic Cannabis Rescheduling" [Yahoo! Finance]Yahoo! Finance
TLRY
Earnings
- 4/1/26 - Beat
TLRY
Sec Filings
- 4/22/26 - Form 4
- 4/21/26 - Form 8-K
- 4/21/26 - Form 424B7
- TLRY's page on the SEC website