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Barchart Insights

Why This Cannabis Penny Stock Could Be Wall Street’s Next Meme Trade Breakout

The cannabis industry has been through one of the longest bear markets in recent history. But in the past few weeks, Tilray Brands (TLRY) has shown signs that it might be the next stock to capture meme stock status — and the Market on Close team spotted it early.

From a low of just $0.70, TLRY has spiked past $1.00, fueled by sector-wide rallies, speculation around U.S. marijuana reclassification, and an active options market that has meme traders paying attention.

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