Tilray stock (NASDAQ: TLRY) on Tuesday went up by 15.76% after a shook up in the management team. At close 4:00 PM EDT on Tuesday, the price was $11.66USD.
Although its price has slightly dropped to a premarket price of $11.5203 at 8:08 AM EDT, experts believe that the slump of cannabis stocks might be coming to an end; something expected to buoy Tilray stock to higher prices.
To help stock traders eying the Tilray stock, Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
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What is Tilray stock?
Tilray stock is the stock of Tilray Inc. and it trades on NASDAQ under the symbol NASDAQ: TLRY.
Tilray Inc. is a leading global cannabis-lifestyle and consumer packaged Goods Company that operates in Canada, the United States, Europe, and other countries around the world.
Tilray has been actively acquiring and merging with other companies to enlarge its base. In May this year, it merged with a Canadian cannabis company called Apharis. In August, it also purchased some senior secured convertible notes in MedMen Enterprises.
Tilray also owns MacNeil and Sweetwater enterprises; both of which are beverage companies.
Should I buy the NASDAQ: TLRY stock today?
The slump that has been dominating the cannabis stocks is likely coming to an end and NASDAQ: TLRY is one of the best cannabis stocks you could possibly invest in.
Tilray stock price prediction
The shakeup that took place in Tilray Inc is expected to propel the company higher and also greatly contribute to the rise of the Tilray stock (NASDAQ: TLRY).
Tilray stock social media coverage
The post Best places to buy Tilray stock: it is up after the company shook up its management team on Tuesday appeared first on Invezz.