This cannabis stock is a new Reddit favorite [CNN]
Tilray Brands, Inc. (TLRY)
Last tilray brands, inc. earnings: 3/2 04:05 pm
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Source: CNN
New York (CNN Business) As backers tout the growing number of states legalizing recreational and medical marijuana, some investors are holding out for the dream scenario of federal legalization — even though that might be a stretch in the near term. But are investors going a little crazy? Tilray is now up more than 130% this year. That's much higher than the gains for rivals Canopy Growth and Cronos , which have the backing of consumer products giants Constellation Brands and Altria , respectively. Short-sellers are targeting Tilray. And Redditors have gleefully tried to squeeze the shorts — investors who borrow stocks and sell them with hopes of buying them back at a lower price. If a stock suddenly starts to rise, short-sellers have no choice but to buy it back or face prohibitively large losses. That's a big reason behind the recent spikes in AMC GameStop and other stocks that the Reddit community has glommed onto this year. One Reddit user wrote in a post
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TLRY
News
- No-Li sues Redhook Brewery over use of "Big Juicy" in name of new beer [Yahoo! Finance]Yahoo! Finance
- 10 Barrel Brewing Introduces Pub Cerveza: a New Twist on ‘Cheap Fun.' Series [Yahoo! Finance]Yahoo! Finance
- 10 Barrel Brewing Introduces Pub Cerveza: a New Twist on ‘Cheap Fun.’ SeriesGlobeNewswire
- Tilray Brands Launches XMG Zero, a New 'Better for You' Cannabis Beverage [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Tilray Brands Launches XMG Zero, a New ‘Better for You’ Cannabis BeverageGlobeNewswire
TLRY
Earnings
- 4/9/24 - Beat
TLRY
Analyst Actions
- 4/10/24 - CIBC
TLRY
Sec Filings
- 5/7/24 - Form 8-K
- 5/1/24 - Form 8-K
- 5/1/24 - Form 424B7
- TLRY's page on the SEC website