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Benzinga

Business

Henry Khederian

What's Going On With Tilray Brands Stock Tuesday?

Tilray Brands Tilray Donald Trump TLRY Tilray Brands Inc. United States

Bush,Cannabis,Leaf,Close-up,In,A,Lush,Green

Shares of Tilray Brands Inc (NASDAQ:TLRY) are trading lower Tuesday morning, giving back a portion of the previous session’s explosive gains. The stock is experiencing a correction after surging over 35% on Monday, a rally ignited by a weekend social media post from President Donald Trump.

What To Know: The sector-wide buying frenzy was triggered after Trump shared a video on Truth Social advocating for the medical benefits of CBD for seniors and suggesting potential Medicare coverage. This sparked investor optimism for a more favorable federal regulatory environment for cannabis.

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