Betting big on the Canadian market, cannabis consumer packaged goods company Tilray Brands, Inc. (NASDAQ: TLRY) recently launched its first edible cannabis product, Solei Bites, in Quebec under the Solei brand. Following the news, shares of the company declined more than 5.5% on Tuesday. The stock pared its losses slightly to close at $7.10 in the extended trading session. Solei brand’s entry into the edible cannabis segment and ready to eat THC edible is expected to be beneficial, as the Canadian cannabis market has more than doubled in value from $1.2 billion in 2019 to $2.6 billion in 2020.
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