11/25

Tilray Stock Surges 6% on Cannabis Legalization Optimism

Tilray Brands, Inc. (TLRY) is experiencing a notable increase in its stock price, rising 5.97% to $1.42 as of 11:18 AM on November 25. The stock opened at $1.36 and has reached a high of $1.42, with a trading volume of 11,376,605 shares, which is 44.40% of its average daily volume, indicating strong trading interest early in the day. The upward movement is partly driven by discussions around Tilray's strategic positioning in the cannabis and alcohol industries. On Reddit, users are speculating about the potential for Tilray to benefit from the relaxation of cannabis laws, with one user noting, "Some alcohol manufacturers such as Tilray Brands, have been all-in on cannabis and would likely benefit from the relaxation of laws surrounding cannabis." Another user expressed optimism about Tilray's future, stating, "I believe that Tilray will eventually be bought out for several billions of dollars when marijuana is more prevalent as an ordinary drug."