Shares of Canadian cannabis company Tilray Brands (NASDAQ: TLRY) jumped as much as 5.1% early Tuesday before paring those gains. At the close of trading, the stock was holding onto a gain of 1.1%. 

Tuesday's move came after Tilray announced the acquisition of another U.S.-based business on Monday. Investors also may be anticipating a boost for marijuana-related businesses after the U.S. election, as five more states have cannabis legalization questions on the ballot. 

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Source Fool.com