Tag: $Tilray

Shares of cannabis companies jumped on Friday after the Washington Post reported U.S. President Donald Trump is expected to push the government to dramatically loosen federal restrictions on marijuana.

Tilray Brands Inc.’s stock fell in premarket trading on Friday after the beer and cannabis company said it expects a $20 million impact on its full-year revenue as it embarks on a cost-cutting plan to reduce the number of alcohol beverage brands in its portfolio.

Tilray Brands Inc. stock rose 2.7% in premarket trades on Wednesday after it reported a wider-than-expected loss and beat its revenue target as the cannabis company maintained its leading position in Canada and diversified into beer in its fiscal first quarter.