Tilray Brands (TSE:TLRY) Shares Up 13.1% – Here’s Why

Tilray Brands, Inc. (TSE:TLRYGet Free Report)’s stock price was up 13.1% during mid-day trading on Thursday . The stock traded as high as C$21.57 and last traded at C$20.17. Approximately 837,606 shares traded hands during mid-day trading, an increase of 163% from the average daily volume of 319,077 shares. The stock had previously closed at C$17.83.

Tilray Brands Trading Up 11.9%

The company has a market cap of C$2.31 billion, a price-to-earnings ratio of -0.82 and a beta of 3.56. The business has a fifty day simple moving average of C$16.81 and a 200 day simple moving average of C$13.71. The company has a quick ratio of 2.16, a current ratio of 2.54 and a debt-to-equity ratio of 10.76.

Tilray Brands Company Profile

(Get Free Report)

Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. U.S. exposure consists of CBD products through Manitoba Harvest and beer through SweetWater.

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