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Stock impact report

Wall Street Lunch: Reefer Gladness [Seeking Alpha]

Tilray Brands, Inc. (TLRY) 
Last tilray brands, inc. earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
Cannabis stocks surged after the news, with companies like Tilray, Canopy Growth, and Aurora Cannabis seeing a 20% increase. Eli Lilly raised its outlook for revenue and shares rose, citing a strong performance in its weight loss drugs in Q1. Listen below or on the go on Apple Podcasts and Spotify The reported move falls short of legalizing recreation pot use. (0:16) Eli Lilly boosts outlook on weight loss drug performance. (1:01) Wage inflation comes in hot for Q1. (2:56) The following is an abridged transcript: Our top story so far The DEA is set to reclassify marijuana as a less dangerous drug. That's according to the AP, who cited people familiar with the matter. The DEA's proposal will still have to undergo the review of the White House Office of Management and Budget. If approved, cannabis, which is currently categorized under Schedule I alongside drugs like heroin and LSD, will be part of Schedule III, reserved for medications such as ketamine and Tylenol with Show less Read more
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