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Benzinga
Benzinga
Business
Henry Khederian

Tilray Stock Is Sliding Friday: What's Going On?

Tilray TLRY Tilray Brands Tilray Brands Inc.
Tilray Brands Inc.

Tilray Brands Inc (NASDAQ:TLRY) shares are trading lower Friday morning, a sharp reversal after the stock hit a new 52-week high on Thursday. Here’s what investors need to know.

What To Know: Friday’s downturn comes despite the cannabis and consumer goods company reporting impressive first-quarter fiscal 2026 results. On Thursday, Tilray announced a record first-quarter net revenue of approximately $210 million, a 5% increase year-over-year that surpassed analyst expectations.

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