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Benzinga
Benzinga
Business
Maureen Meehan

Tilray Stock Soars Then Returns To Earth On Biden's Cannabis Pardon News, This Analyst Remains Neutral

Joe Biden Tilray Pablo Zuanic Cantor Fitzgerald Germany Marijuana TLRY

On the heels of President Biden’s historic announcement that he was pardoning all federal marijuana possession convictions, Cantor Fitzgerald's Pablo Zuanic shared some insight on Canadian cannabis giant Tilray Brands, Inc. (NASDAQ: TLRY) (TSX:TLRY).

On Friday, Tilray reported its financial results for the first fiscal quarter ended August 31, 2022, with net revenue of $153.2 million, which compares to revenue of $168.02 million for the same period last year.

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