Tilray Shares Plunge Following Strategic Overhaul Announcement

Tilray Brands faced significant selling pressure as investors reacted negatively to the company’s newly unveiled strategic direction. The stock closed at $1.03, marking a substantial decline of over 4.6% as market participants expressed skepticism toward the proposed business transformation.

Despite reaffirming its full-year adjusted EBITDA forecast ranging between $62 million and $72 million, the Canadian company encountered substantial resistance from the investment community. The negative market response highlights concerns about Tilray’s strategic pivot away from its cannabis roots toward a more diversified consumer goods model.

Three-Pillar Transformation Strategy

In detailed filings with the SEC, management outlined a comprehensive plan to evolve into a broadly-based consumer products enterprise. The strategic Read more...