Why Tilray Brands' Stock Is Popping Today
Shares of the cannabis giant Tilray Brands (NASDAQ: TLRY) were up by 11.8%, on extraordinarily high volume, as of 12:38 p.m. ET Thursday. Meanwhile, every major U.S. stock index has traded lower today in response to growing concerns over a possible economic recession.
What's powering Tilray's shares higher on a rough day for stocks in general? Tilray, along with most other major cannabis cultivators, is swimming against the current today due to the prospect of Germany legalizing marijuana within the next year or two.
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Source Fool.com