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Here's Why Tilray Stock Soared 22% Today

TheMotleyFool

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Here's Why Tilray Stock Soared 22% Today

Shares of Tilray (NASDAQ: TLRY) have been on a tear since the start of 2021. The stock has gained more than 121% in just the last two weeks, including a 22% rise on Thursday, as of 3:45 p.m. EST.

Today's jump comes after fellow Canadian pot grower and merger partner Aphria (NASDAQ: APHA) announced fiscal second-quarter 2021 earnings this morning. On Dec. 16, 2020, Aphria and Tilray announced plans to merge, creating what will be the largest global cannabis company by revenue.

Source Fool.com

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