Why Tilray Stock Is Soaring Higher Today
Shares of Tilray Brands (TLRY 5.75%) were flying higher on Wednesday. The company's stock gained 7.5% as of 2:25 p.m. ET but gained as much as 20% earlier in the day. The leg up comes as the S&P 500 gained 0.2% and the Nasdaq composite lost 0.1%.Tilray stock received a boost from the release of fellow cannabis company Aurora Cannabis' positive earnings. This comes on the heels of the cooling of trade tensions with Canada.The numbersThe cannabis business at large has struggled for years now as the market was ...