Tilray Stock: Is a Major Rally Underway?

Recent trading activity suggests a potential resurgence for cannabis industry leader Tilray. The company’s shares have demonstrated notable strength, climbing over 6.5% on Monday and extending gains with a further 1.9% advance in the subsequent session. Currently trading around $0.98, this upward movement raises important questions about whether this represents a sustainable trend reversal or merely temporary enthusiasm in this traditionally volatile sector.

A fundamental driver behind the renewed investor confidence appears in the latest quarterly earnings report. Tilray delivered a surprising net profit of $1.5 million for its most recent quarter, marking a dramatic turnaround from the $34.7 million loss recorded during the same period last year.

This financial improvement stems from Read more...