Why Cannabis Stocks Popped Up to 80% on Tuesday [Yahoo! Finance Canada]
Tilray Brands, Inc. (TLRY)
Last tilray brands, inc. earnings: 3/2 04:05 pm
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Source: Yahoo! Finance Canada
Most cannabis stocks were on fire on Tuesday, with shares of companies like Tilray Brands TSX:TLRY ) and Canopy Growth TSX:WEED ) experiencing extraordinary surges of 42% and 80% in a single day, respectively. While it's not very uncommon for marijuana stocks to witness such volatility, the magnitude of these gains was remarkable. So, what triggered this massive rally in the cannabis sector? Let's take a closer look at that before we see if these stocks can sustain these gains. So what's moving cannabis stocks? The main catalyst behind the euphoria among cannabis investors on Tuesday was the news that the U.S. federal authorities announced intentions to reclassify marijuana from a Schedule I to a Schedule III controlled substance. But if you ask why that's such a big deal for cannabis investors, let me explain. ADVERTISEMENT Schedule I substances are those that have no accepted medical use and a high potential for abuse, such as heroin, LSD (lysergic acid diethylamide,) and e
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News
- Looking For The Bud Light Of Cannabis [Seeking Alpha]Seeking Alpha
- Cannabis stocks rally after DOJ proposal to reclassify marijuana [Yahoo! Finance Canada]Yahoo! Finance Canada
- Cannabis stocks rally after DOJ proposal to reclassify marijuana [Yahoo! Finance]Yahoo! Finance
- SweetWater Brewing Launches New Sunset Sippin' Cocktail Inspired Hard Seltzers [Financial Post (Toronto, Ontario, Canada)]Financial Post
- SweetWater Brewing Launches New Sunset Sippin' Cocktail Inspired Hard Seltzers [Yahoo! Finance]Yahoo! Finance
TLRY
Earnings
- 4/9/24 - Beat
TLRY
Analyst Actions
- 4/10/24 - CIBC
TLRY
Sec Filings
- 5/14/24 - Form 8-K/A
- 5/14/24 - Form 8-K
- 5/7/24 - Form 8-K
- TLRY's page on the SEC website