Tilray Inc. ($TLRY) Stock Forecast: Up 5.7% Today

What is Tilray Inc.?

Tilray Brands, Inc. (TLRY) is a key player in the cannabis industry, specializing in a range of cannabis-based products and brands. Today, the marijuana stock market showed bullish behavior, with notable gains seen in various companies within the sector.

Why is Tilray Inc. going up?

TLRY stock is up 5.7% on Sep 17, 2024 15:11

• Following the acquisition of Atwater Brewery from Molson Coors Beverage Company, Tilray Brands (TLRY) experienced a significant bullish trend.
• The positive market sentiment observed in the marijuana stock sector, exemplified by the gains in companies like Corbus Pharmaceuticals (CRBP) and Greenlane Holdings (GNLN), may have influenced TLRY's upward movement.
• The acquisition of Atwater Brewery not only broadens TLRY's presence but also enriches its product lineup, attracting investor attention and boosting the stock price.
• Despite the market's overall gains, TLRY's stock price showed limited movement at $1.70, suggesting that the news of the acquisition may have already been factored into the stock price, resulting in a subdued reaction from investors.

TLRY Price Chart

TLRY News

Marijuana Stock Movers For September 16, 2024 - Corbus Pharmaceuticals ( NASDAQ:CRBP ) , Target Group ( OTC:CBDY )

Greenlane Hldgs GNLN shares closed up 38.20% at $5.91 Kaya Holdings KAYS shares closed up 20.09% at $0.05 Rocky Mountain High RMHB shares closed up 13.92% at $0.01 4Front Ventures FFNTF shares closed up 13.33% at $0.05 Pharmadrug LMLLF shares closed up 7.28% at $0.02

https://www.benzinga.com/insights/cannabis/24/09/40887081/marijuana-stock-movers-for-september-16-2024

Billion-Dollar Marijuana Giant Buys Another Brewery From Molson Coors, Expands Great Lakes Footprint - Molson Coors Beverage ( NYSE:TAP ) , Tilray Brands ( NASDAQ:TLRY )

Tilray Brands, Inc. TLRY confirmed Thursday it has completed the previously announced acquisition of Atwater Brewery, from Molson Coors Beverage Company TAP. "Atwater Brewery is a renowned craft brewery with a rich history and a loyal following in Michigan," said Irwin D.

https://www.benzinga.com/markets/cannabis/24/09/40852419/billion-dollar-marijuana-giant-buys-another-brewery-from-molson-coors-expands-great-lakes-footpr

Tilray Brands, Inc. ( TLRY ) Flat As Market Gains: What You Should Know

The latest trading day saw Tilray Brands, Inc. (TLRY) settling at $1.70, representing no change from its previous close.

https://www.zacks.com/stock/news/2334281/tilray-brands-inc-tlry-flat-as-market-gains-what-you-should-know

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Tilray Inc. Price History

27.07.2024 - TLRY Stock was down 8.8%

• Despite the company's strategic expansions and acquisitions in the beer market, Tilray Brands' stock faced a bearish trend.
• There seems to be a negative market reaction to the recent purchase of beer brands and entry into the alcohol industry by Tilray Brands, raising concerns about its diversification efforts.
• Investor sentiment might have been impacted by the company's emphasis on the alcohol sector over cannabis, leading to a sell-off of TLRY shares.
• The introduction of a new small-batch flower strain under its high-end cannabis brand may have failed to counterbalance the overall bearish outlook on the stock.

17.08.2024 - TLRY Stock was up 5.7%

• Following the acquisition of Atwater Brewery from Molson Coors Beverage Company, Tilray Brands (TLRY) experienced a significant bullish trend.
• The positive market sentiment observed in the marijuana stock sector, exemplified by the gains in companies like Corbus Pharmaceuticals (CRBP) and Greenlane Holdings (GNLN), may have influenced TLRY's upward movement.
• The acquisition of Atwater Brewery not only broadens TLRY's presence but also enriches its product lineup, attracting investor attention and boosting the stock price.
• Despite the market's overall gains, TLRY's stock price showed limited movement at $1.70, suggesting that the news of the acquisition may have already been factored into the stock price, resulting in a subdued reaction from investors.

24.06.2024 - TLRY Stock was down 6.0%

• Despite receiving approvals for new medical cannabis products in Portugal, Tilray's shares plunged almost 4%.
• The market may have reacted negatively to the lack of significant positive impact from the new product launches on Tilray's stock price.
• Investors might be concerned about the company's ability to translate product innovations into tangible financial gains, leading to the bearish movement.
• The approval of multiple medical cannabis products in Portugal did not seem to alleviate the downward pressure on Tilray's stock, indicating a disconnect between regulatory achievements and market performance.

24.06.2024 - TLRY Stock was down 5.2%

• The recent approval of Tilray's third medical cannabis product in Portugal did not lead to a positive stock price reaction, suggesting possible differing market expectations.
• Despite favorable product developments and approvals, overall sentiment towards cannabis stocks, highlighted by cautionary advice about certain cannabis stocks by 2025, may have influenced investors to divest from Tilray.
• The larger decline in Tilray's stock compared to the broader market implies the presence of specific company-related concerns or market perceptions hampering its performance.
• Investor worries about Tilray's competitive position in the cannabis sector, coupled with references to other struggling cannabis stocks like Canopy Growth, likely contributed to the bearish sentiment surrounding Tilray today.

30.06.2024 - TLRY Stock was up 10.0%

• Following the fourth quarter financial results exceeding expectations, Tilray's stock saw a notable uptrend in value.
• Analysts express optimism towards Tilray's future outlook, pointing to its robust financial performance and strategic acquisitions as key growth catalysts.
• The recent positive earnings report showcases record revenue and effective strategic decisions, bolstering investor trust and propelling the stock price upwards.
• Market sentiment towards cannabis companies like Tilray remains favorable, demonstrated by its superior performance compared to entities such as CrowdStrike and Lattice Semiconductor.

30.06.2024 - TLRY Stock was up 11.1%

• Tilray's stock surged after reporting better-than-expected financial results for the fourth quarter, with revenue reaching $229.882 million, surpassing estimates.
• Analysts are bullish on Tilray's long-term prospects, citing its strong performance and strategic acquisitions driving growth.
• The record revenue and positive highlights from the Q4 2024 earnings call contributed to investor confidence and boosted the stock price.
• Overall, the market responded positively to Tilray's robust financial performance and strategic initiatives, positioning the company as a strong player in the global cannabis industry.

13.07.2024 - TLRY Stock was up 5.1%

• Tilray's recent upward movement is linked to its expansion efforts in foreign markets, with a particular focus on Germany, which has undergone regulatory changes benefiting cannabis companies.
• The company's strategic actions, including strong growth in the last quarter and narrowing losses, have boosted investor confidence in its journey towards profitability.
• The reintroduction of Shock Top Twisted Pretzel, a seasonal brew from Tilray's subsidiary, has created enthusiasm and positive outlook around the company, potentially influencing the stock's upward trend.
• Overall, with favorable regulations, strategic decisions, and appealing product offerings, Tilray seems well-prepared for success in the cannabis industry, fostering investor confidence and the positive market movement.

02.07.2024 - TLRY Stock was down 7.9%

• Despite positive financial results and increased profits for Tilray Brands, the stock experienced a bearish movement.
• The better-than-expected quarterly performance and international demand for cannabis products, particularly THC-infused beverages, were not enough to offset broader market trends.
• Investors may have been reacting to overall market conditions or profit-taking after recent gains in the sector, leading to the bearish movement in Tilray's stock.
• While Tilray's strong fundamentals and strategic initiatives are promising, external factors and profit realization could have contributed to the downward trend in the stock price recently.

08.07.2024 - TLRY Stock was up 6.5%

• The reintroduction of Shock Top Twisted Pretzel, a highly anticipated seasonal brew, sparked enthusiasm and positive sentiment among investors, contributing to a rise in Tilray's stock.
• Despite difficulties in the cannabis sector, Tilray's strategic shift towards its brewing subsidiary and the introduction of innovative products appears to have resonated positively with investors, bolstering the optimistic market trend.
• The launch of a new Breckenridge Brewery site in Fort Collins, Colorado, highlights Tilray's dedication to expanding its reach in the craft brewing realm, potentially attracting more investors and lifting the stock price.
• Overall, favorable updates regarding new product launches and expansion endeavors in the brewing industry seem to have driven the positive momentum in Tilray's stock.

06.07.2024 - TLRY Stock was up 5.1%

• Tilray's stock showed significant bullish movement today.
• The opening of a new market in Ohio may have influenced the positive outlook on Tilray.
• Better-than-expected financial results announced by the company likely boosted investor confidence and drove up the stock price.
• The potential for industry growth, combined with Tilray's strategic decisions and improved financial performance, may be propelling the stock's rise.

14.07.2024 - TLRY Stock was up 6.1%

• TLRY stock experienced a bullish movement today.
• The acquisition of four craft breweries from Molson Coors is likely seen as a strategic move by Tilray to diversify its product portfolio and expand its presence in the beverage industry.
• This acquisition could potentially open up new revenue streams for Tilray and enhance its competitiveness in the market.
• Investors may view this acquisition positively, leading to increased confidence in Tilray's growth prospects and driving the bullish movement in the stock price.

14.07.2024 - TLRY Stock was up 6.4%

• The acquisition of four craft breweries from Molson Coors, namely Hop Valley Brewing Company, Terrapin Beer Co., Revolver Brewing, and Atwater Brewery, has had a favorable impact on investor sentiment.
• Tilray's strategic decision to expand beyond its primary cannabis focus and venture into the alcoholic beverage domain has garnered positive attention from the market, stimulating optimism regarding the company's future growth prospects.
• This acquisition is poised to significantly increase Tilray's annual beer output, broaden its new beer customer base, and fortify its position as a prominent craft brewer, signaling a well-received strategic shift by investors.
• Through these acquisitions, Tilray is broadening its range of products and market reach, setting the stage for potential revenue expansion, operational efficiencies, and improved nationwide distribution. These moves are likely driving the uptrend in the company's stock value.