Tilray Brands (TSE:TLRY) Trading Up 1.1% - Here's Why

Key Points

• Tilray Brands' shares increased by 1.1% during trading on Monday, with a last recorded price of C$0.95.
• The company's market capitalization is approximately C$612.15 million, and its stock has a PE ratio of -2.30 indicating negative earnings.
• Tilray operates primarily in the Canadian market for medical and recreational cannabis and has exposure to the U.S. through CBD products and craft beer.

Tilray Brands, Inc. (TSE:TLRY - Get Free Report)'s share price traded up 1.1% during trading on Monday . The company traded as high as C$0.97 and last traded at C$0.95. 2,232,261 shares were traded during trading, an increase of 35% from the average session volume of 1,652,600 shares. The stock had previously closed at C$0.94.

Tilray Brands Trading Up 1.3%

The stock has a market cap of C$515.49 million, a PE ratio of -1.93 and a beta of 2.19. The business has a 50-day moving average of C$0.68 and a 200 day moving average of C$0.90. 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.