By Kuldip K. Ambastha
The stock of Tilray Brands, Inc. (TLRY), a Canadian company with an extensive presence worldwide in the cannabis sector, delivered +14.6% on Thursday, July 14, 2022 followed by -10.6% on Friday, July 15, 2022. Politics plays a big role in the success or failure of any cannabis sector company. On Thursday, positive news was released in terms of potential cannabis legalization in the USA and Germany through legislation. The enthusiasm seen on Thursday was partially reversed through an aggressive sell-off on Friday. Despite some momentum being made in various countries towards cannabis legalization, in the current day cannabis sector companies are still in a highly restricted legal landscape all over the world.
Keywords – Tilray Brands, Inc., Tilray Brands, Tilray, Canadian, cannabis, marijuana, politics, legalization, legislation, regulation.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in TLRY.
Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.
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