Tilray Brands (TSE:TLRY) Trading Up 1.4% – Time to Buy?

Tilray Brands, Inc. (TSE:TLRYGet Free Report) shares were up 1.4% on Monday . The company traded as high as C$2.26 and last traded at C$2.20. Approximately 2,906,662 shares changed hands during trading, an increase of 2% from the average daily volume of 2,849,616 shares. The stock had previously closed at C$2.17.

Tilray Brands Trading Up 1.4%

The business has a 50 day moving average of C$1.88 and a 200-day moving average of C$1.11. The stock has a market cap of C$2.47 billion, a PE ratio of -0.91 and a beta of 3.88. The company has a current ratio of 2.54, a quick ratio of 2.16 and a debt-to-equity ratio of 10.76.

Tilray Brands Company Profile

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Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. U.S. exposure consists of CBD products through Manitoba Harvest and beer through SweetWater.

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