What Do Recent US Cannabis Reform Hopes Mean for Tilray’s Share Price Valuation?
Deciding what to do with Tilray Brands right now is no easy feat. The stock has been on a wild ride lately, with a 35.3% gain over the last week and up 28.8% over the past month. Year to date, it is still up 10.3% despite trailing off over the past year with a -5.3% return. Step back three years, and the share price tells a different story with a hard-to-ignore decline of 58.7%. Whether you are a believer in cannabis industry momentum or warily watching from the sidelines, it is impossible to ignore these shifting trends. Volatility is ever-present, but so is the potential for big moves.
What is behind these recent swings? Most notably, optimism around shifting U.S. cannabis reform has reignited attention in the sector, sending…
