TLRY - What's Going On With Weed Stocks Aurora Cannabis And Canopy Growth? | Benzinga
Aurora Cannabis, Inc. (NASDAQ:ACB) and Canopy Growth Corporation (NASDAQ:CGC) shares are trading lower Tuesday in sympathy with Tilray Brands, Inc. (NASDAQ:TLRY) which fell after reporting worse-than-expected third-quarter results.
The Details:
Tilray reported quarterly sales of $188.34 million, missing the analyst consensus estimate of $198.5 million by 5.12%. The company also said it no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024.
Cannabis stocks have been climbing following legalization in Germany and optimism surrounding the potential rescheduling of marijuana in the United States.
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