News & Events:TLRY

A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. Tilray has been featured as a value stock. Sensus Healthcare saw a decrease in earnings per share from 0.32 in Q4 to $0.2 now. The Significance: A value stock may need some time to rebound from its undervalued position.

Germany is inching toward legalizing recreational cannabis as the government seeks to have the process completed by the end of 2022. The move could be a major catalyst for the market, especially for cannabis companies such as Tilray Brands, Inc., which has operations in Germany.

Cantor Fitzgerald has upgraded Aurora Cannabis Inc  to Overweight from Neutral with a price target of C$4.05, up from C$3.90. The analyst views Aurora as an attractively valued pure cannabis play. He expects Europe, specifically Germany, to be a "relevant potential catalyst and sentiment driver" for cannabis stocks over the next 12-18 months.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Thomas Wesley Pentz, better known for his artistic name, Diplo, partnered with California cannabis beverage company Leisuretown, professional skateboarder Rob Dyrdek and cannabis supply chain company HERBL, to launch a new line of cannabis drinks under the Leisuretown brand name.

Tilray Brands, Inc. welcomed the Luxembourg Ministry of Health delegation to the company's European campus and facility located in Cantanhede, Portugal. The visit was organized to give the Luxembourg delegation a firsthand view of Tilray's EU-GMP operations in Portugal, the premiere medical cannabis site in Europe. Paulette Lenert, Deputy Prime Minister and Minister of Health of Luxembourg.

Tilray Brands, Inc. (TLRY), a leading global cannabis-lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, welcomes the Luxembourg Ministry of Health Delegation to the Company’s European campus and facility located in Cantanhede, Portugal.

Cannabis sales in Canada seem to be recovering after another month of improvement. New data from Statistics Canada revealed that cannabis sales in April improved 25.8% year-over-year reaching CA$ 372.4 million, reports New Cannabis Ventures. Sales growth, according to the outlet, can be attributed to an increase in the cannabis retail outlets and falling flower prices.

Canada's main stock was set for its biggest weekly drop since the pandemic-driven market rout in March 2020, even as gains in healthcare and technology firms lifted the market on Friday. At 9:48 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 150.68 points, or 0.79%, at 19,154.74, with all the sub-sectors trading higher.

Canada's main stock index fell on Friday to close out its worst week in more than two years, as the energy sector continued its recent losing streak and offset gains by technology and consumer discretionary stocks. The Toronto Stock Exchange's S&P/TSX composite index ended down 73.58 points, or 0.4%, at 18,930.48, its lowest closing level since March 2021.

On Wednesday HEXO Corp reported a staggering loss of CA$152.7 million in the third quarter of 2022, representing a 638% year-over-year increase. Gross profit was a loss of CA$5.27 million compared to a gain of CA$8.82 in the same quarter of 2021, while sales of CA$45.6 million were also down, 14% sequentially.

Tilray Brands, Inc. is expanding Broken Coast's cannabis portfolio with the launch of their summer lineup of products, including: premium craft-cannabis BC flower, liquid wax vapes and butane hash oil vapes.

On the special meeting of shareholders of HEXO Corp , holders of common shares of HEXO overwhelmingly approved the equity purchase agreement with 2692106 Ontario Inc. and KAOS Capital Ltd. A total of 73.88 million common shares were represented at the meeting in person by virtual attendance or by proxy.

Tilray Brands, Inc. (TLRY), a leading global cannabis-lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, today announced the expansion of Broken Coast’s best-selling premium cannabis portfolio with the launch of their summer lineup of products, including; premium craft-cannabis BC flower, liquid wax vapes, and their newest inn...

Canada's main stock index rose on Wednesday, aided by mining and healthcare shares, ahead of a highly anticipated interest rate decision from the U.S. Federal Reserve due later in the day. At 9:41 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 140.83 points, or 0.72%, at 19,689.34, a day after hitting its lowest level in more than one year.

Within the last quarter, Tilray Brands has observed the following analyst ratings: These 4 analysts have an average price target of $5.72 versus the current price of Tilray Brands at $3.16, implying upside. Below is a summary of how these 4 analysts rated Tilray Brands over the past 3 months.

HEXO Corp revenue grew 101% in Q3 2022 to CA$45.57 million compared to CA$22.66 in Q3 2021. Gross profit was a loss of CA$5.27 million compared to gain of CA$8.82 in Q3 2021, an unfavorable decrease of 159.75%. Adjusted EBITDA was a loss of CA18.33 million compared to a loss of CA$10.78 million in Q3 2021. Total net loss was CA$152.7 million compared to a net loss of CA$20.7 million in Q3 2021.

  On Tuesday, 951 companies hit new 52-week lows. On Tuesday, the following stocks set new 52-week lows: Be sure to stay with Benzinga for further updates and market-moving news.

HEXO Corp. has entered into an amending agreement to the transaction agreement with Tilray Brands, Inc. and HT Investments MA LLC.

Hexo Corp (HEXO): * TILRAY BRANDS INC (TLRY) - IN CONNECTION WITH AMENDED ASSIGNMENT AGREEMENT, EACH OF TILRAY, HEXO AND HTI ALSO ENTERED INTO AN AMENDED TRANSACTION AGREEMENT. * TILRAY - UNDER AMENDED TRANSACTION AGREEMENT TILRAY WILL HAVE BOARD GOVERNANCE RIGHTS TO APPOINT TWO OF HEXO'S BOARD MEMBERS AND TWO OBSERVERS Source: [ID: https://bit.ly/3MNG0fp] Further company coverage: