Tilray Brands, Inc. (TLRY) is experiencing a decline in its stock price today, despite recent announcements of new product launches. The company unveiled a range of cannabis beverages under its Solei, Mollo, and XMG brands, as well as a premium non-alcoholic beverage portfolio featuring Liquid Love, Herb & Bloom, Happy Flower, and Runner's High. These products are designed to cater to diverse consumer preferences and are available across Canada. However, the lack of specific sales figures or performance metrics in these announcements may be causing investor skepticism about the company's financial health.
On Reddit, discussions reflect a mix of skepticism and anticipation. Some users express disappointment with Tilray's performance, noting, "Tilray’s stock price dropped 40% in 2024 and will likely continue the same trend in 2025." Others are looking forward to the upcoming earnings report, with one user commenting, "Earnings are next week. I do think it's interesting that the last 5 days of pre-market Tilray has been up 5-8% but usually comes back down before market open." The anticipation of the January 9th earnings report is a focal point, with users speculating on its potential impact on the stock.
Tilray's stock is currently trading at $1.36, down 4.90% from the previous close of $1.43. The stock opened at $1.40 and has fluctuated between a high of $1.42 and a low of $1.34. Despite being less than an hour into the trading day, the volume has reached 9,395,922 shares, representing 31.31% of the average daily volume of 30,007,106 shares.