TLRY - What's Going On With Marijuana Grower Tilray's Stock? | Benzinga
Tilray Brands, Inc. (NASDAQ:TLRY) shares are trading higher Tuesday. Here's a look at what's going on.
The Details:
Cannabis companies' stocks have rallied recently on renewed optimism that the DEA may reschedule marijuana to a Schedule III substance.
Last week, FDA Commissioner Robert Califf told a House committee that there is "no reason" for the DEA to delay the rescheduling of marijuana from Schedule 1 to Schedule 3 of the Controlled Substances Act. He also suggested medical and recreational marijuana could have separate regulations.
Tilray has been a frequent trending stock on WallStreetBets as of late, and last week CIBC analyst John Zamparo maintained Tilray with a Neutral ...