Tilray Brands Inc (NASDAQ: TLRY) Stock Update

Core Insights - Tilray Brands Inc is a significant player in the cannabis industry, focusing on the production and distribution of medical and recreational cannabis products, with a global operational footprint and a commitment to innovation and quality [1] - The company has recently been upgraded to a "Sector Perform" rating by ATB Capital, with the stock currently priced at $8.26 [1] Stock Performance - Tilray's stock has shown considerable volatility, experiencing a surge of over 12% recently, closing at $8.09 after a challenging period where it dropped nearly 40% following a 1-for-10 reverse stock split on December 2 [2][5] - The reverse stock split reduced Tilray's float from approximately 1.16 billion shares to about 116 million, significantly decreasing the supply of tradable shares, which is a key factor in the recent rebound of the stock [3][5] - The current stock price of $8.26 reflects a 2.10% increase with a $0.17 change, with trading occurring between $7.85 and $8.64 on the same day [3] Market Capitalization and Trading Activity - Tilray's market capitalization is approximately $924.94 million, with a trading volume of 6.22 million shares on the NASDAQ exchange, indicating active investor interest [4][5] - Over the past year, the stock has fluctuated between a high of $23.20 and a low of $3.50, showcasing the dynamic nature of the cannabis industry [4]