11/22

Tilray Stock Rises 5.7% Following AGM, Share Dilution Decision Delayed

Tilray Brands, Inc. (TLRY) is seeing a notable increase in its stock price, rising 5.73% to $1.39 as of 11:16 AM on November 22. The stock opened at $1.30 and has reached a high of $1.39, with a trading volume of 10,307,804 shares, which is 40.37% of its average daily volume, indicating a strong trading interest early in the day. The upward movement comes after Tilray's Annual General Meeting (AGM), where all five items on the agenda received enough votes. However, the decision regarding the addition of new shares has been postponed until December 19, 2024, due to ongoing litigation in Delaware. This delay might be seen as a positive by investors concerned about potential dilution. On Reddit, users are discussing the implications of the AGM results, with one noting, "They want to be in a position of strength with rescheduling and other E.U. for acquisitions, strategic partnerships, etc." Another user expressed optimism about the company's future, stating, "Looking forward for Q2 earnings in January. That might be a nay or a big wow. I'm counting on second."