Tilray Brands (TSE:TLRY) Shares Down 4.9% - Here's Why

Key Points

• Tilray Brands shares decreased by 4.9%, trading down to C$1.55 amidst a trading volume increase of 13% from the average session.
• The company has a market cap of approximately C$927.89 million and a P/E ratio of -3.48, indicating significant financial challenges.
• Tilray primarily operates in the medical and recreational cannabis markets in Canada, with international sales and U.S. exposure through CBD products and beer.

Tilray Brands, Inc. (TSE:TLRY - ) fell 4.9% during trading on Friday . The stock traded as low as C$1.53 and last traded at C$1.55. 2,161,596 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 1,911,303 shares. The stock had previously closed at C$1.63.

Tilray Brands Trading Down 11.7%

The firm has a market cap of C$927.89 million, a P/E ratio of -3.48 and a beta of 2.19. The company has a 50 day moving average of C$0.79 and a 200 day moving average of C$0.86. The company has a debt-to-equity ratio of 10.76, a quick ratio of 2.16 and a current ratio of 2.54.

Tilray Brands Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.