Shares of Tilray Brands Inc (NASDAQ:TLRY) are trading sharply higher Monday morning, bolstered by a positive note from Jefferies and growing optimism around significant U.S. cannabis reform this year. Jefferies analyst Kaumil Gajrawala maintained a Buy rating on the stock while raising the price target from $1.50 to $2.
What To Know: The upbeat sentiment is largely driven by recent reports on the political front. According to a Marijuana Herald article, five bipartisan congressional staffers anonymously expressed unanimous agreement that marijuana will be rescheduled before the end of the year.
