Workflow
Why Tilray Stock Jumped Today
TLRYTilray(TLRY) The Motley Fool·2024-07-30 20:31

The cannabis company delivered better-than-expected results on the top and bottom lines. The company's shares jumped by as much as 17.5% early today and were up by 10.1% as of 3:53 p.m. Tilray generated $229.9 million in sales in the fourth quarter, up 25% from the year-ago quarter and ahead of Wall Street's consensus estimate of $227 million. Tilray acquired eight beer brands from Anheuser-Busch last year, making it the fifth largest craft brewer in the U.S. Growing financial strength That improvement like ...