Why Tilray Stock Popped Then Dropped Today

·2 min read

Canadian cannabis company Tilray Brands (NASDAQ: TLRY) was quite the stock market riser Wednesday morning, ascending by nearly 8% at one point in early trading. Tilray happily announced early Wednesday that its medical marijuana unit, Tilray Medical, has won approval from the government of Poland to sell its therapeutic weed in the Central European country. As it tends to have higher margins despite a far more limited customer base, medical marijuana has been a priority for the Canadian cannabis company.