Tilray (TLRY) stock is in the red this morning even though the cannabis firm posted record revenue of $257.1 million for its first financial quarter — up 23% on a year-over-year basis. But the options market sentiment suggests the selloff is temporary, and TLRY could actually move meaningfully to the upside in the sessions ahead.
While gross margin expanded to 30% in Q1, Tilray shares are down about 60% versus the start of this year.
