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Stock impact report

How Big a Deal Is Tilray’s Australia Distribution Agreement? [The Motley Fool]

Tilray Brands, Inc. (TLRY) 
Last tilray brands, inc. earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: The Motley Fool
The marijuana company is increasing its distribution of medical marijuana in Victoria, Australia. After tumbling from an intraday peak of $300 last week to less than $100 yesterday, pot stock Tilray ( NASDAQ:TLRY )  was gaining back some ground today following word that it's distributing medical marijuana to more patients in Australia. Can Australia's market opportunity move the needle for Tilray investors? Vicious volatility Instead of up-listing from over-the-counter markets like Canopy Growth ( NYSE:CGC )  did, Tilray became the first marijuana stock to debut on a major U.S. exchange, with an IPO in July. Image source: Getty Images. Only about 17 million of its shares were made available for trading, though, so its relative illiquidity has made its share price prone to wild swings as investors debate how to value the potential profit in legalizing marijuana. The moves in Tilray's share price have been especially eye-widening in the past week.  Show less Read more
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