Why is Tilray Stock Trending Higher?
March 23 2022 - 09:19AM
TipRanks
Shares of Tilray Brands, Inc. (NASDAQ: TLRY) are trending
higher in pre-market trading, jumping around 9.3%. This rise
followed Tuesday's 6.77% jump in the stock price of the global
pharmaceutical, cannabis-lifestyle, and consumer packaged goods
company. Consolidation in the cannabis space with the
announcement of a mega-deal seems to have driven optimism. Cresco
Labs (CRLBF) has inked a stock deal to acquire Columbia
Care for $2 billion. Cresco Labs CEO Charles Bachtell said,
"On a pro-forma basis, the combined Company will be the largest
cannabis company by revenue, the number one wholesaler of branded
cannabis products, and the largest nationwide retail footprint
outside of Florida.
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Tilray Brands (NASDAQ:TLRY)
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From May 2022 to Jun 2022
Tilray Brands (NASDAQ:TLRY)
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From Jun 2021 to Jun 2022