Over 2 Years Ago
2 Min Read

TLRY is making big moves today. Find out why the stock is trading 7% higher:



Shares of Tilray Inc (TLRY) are trading 7% higher at a price of $4.155 at the time of this writing.

  • Potential deals in the Senate for federal cannabis policy 
  • Several pieces of legislation have currently passed the House, but the Senate continues to oppose them
  • Cannabis Administration and Opportunity Act was formally presented by Senator Chuck Schumer last month in the Senate
  • CLIMB Act was introduced in the House in May
  • Sen. Cory Booker has recently said he would be open to a SAFE Banking measure that contains a provision for marijuana business banking

Tilray Inc has been trading between a 52-week high of $15.21 and a 52-week low of $3. The stock has a market cap of $2.23 Billion.

Tilray is a global pioneer in the research, cultivation, production, and distribution of cannabis and cannabinoids currently serving tens of thousands of patients and consumers in 17 countries spanning five continents.

Headlines


Weak Fundamental Momentum Drags Tilray Brands Inc. (TLRY) Lower
Marketing Sentinel 08-08-22

Where Will Tilray Brands Be in 3 Years?
The Motley Fool 08-08-22

Best Marijuana Stocks To Watch 2nd Week Of August
Marijuana Stocks 08-07-22

Beleaguered Cannabis Firm Tilray (TLRY) Finally Gains Momentum
ValueWalk 08-05-22

2 Red Flags and 2 Green Flags for Tilray Stock
The Motley Fool 08-05-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

derprondo - 12 upvotes - source
I still don't understand why TLRY is hyped when they're a Canadian company. Isn't their only US retail presence in a beer brand? One of these days one of these banking bills will pass and the OTC companies like Cresco will move to the NYSE and moon. If you don't want to buy OTC stocks you can get the MSOS ETF instead.

boesre - 11 upvotes - source
$GME $AMC $BB $BBBY $SNDL $TLRY Gangs

InTheMoneyAlex - 9 upvotes - source
TLRY 🚀💨

GainsGoneInSeconds - 9 upvotes - source
They are a very well established business that's waiting to move into the market. In the meantime they're building where they can and positioning for easy entry once legalization hits. Also huge in Germany who are going to legalize soon. No clue when.... But when this shit pops it's gonna be a great investment. Position I'm holding. TLRY $5c 01/19/2024 x30

718cs - 9 upvotes - source
TLRY is the next play. It’s starting to pump with meme stocks but once we get closer to midterms and they talk about legalizing weed it’ll go back into the high teens low 20s

boesre - 9 upvotes - source
$GME $AMC $BB $BBBY $SNDL $TLRY 🦍🦍🦍🚀🌕

InTheMoneyAlex - 8 upvotes - source
TLRY ![img](emote|t5_2th52|4276)

InTheMoneyAlex - 7 upvotes - source
TLRY isn’t worth sub $9-$10 with European growth and major legislation around the corner Germany is going to legalize before the US is anyway and their business is diversified TLRY is shorted as well ![img](emote|t5_2th52|4276)

InTheMoneyAlex - 7 upvotes - source
Hop on the TLRY train 🚂 💨💨💨

boesre - 6 upvotes - source
it's going to the moon, just like $GME $AMC $BB $SNDL and $TLRY soon!