Category: NASDAQTLRY
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Tilray stock gains on debt-for-equity deal (NASDAQ:TLRY)
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Torsten Asmus/iStock via Getty Images Canadian cannabis player Tilray Brands (Nasdaq:TLRYIt announced on Tuesday that it will issue up to 13.1 million shares of the company’s stock as part of a debt-for-equity swap deal it entered into with an unrelated party. Shares will be issued in exchange for The convertible…
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BTIG sees “murky” road ahead for cannabis reclassification (NASDAQ:TLRY)
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Screenshots While the White House’s move to propose reclassifying marijuana as a less dangerous drug would certainly be a huge accomplishment for the cannabis industry, the path to implementation remains “long and opaque,” according to BTIG analysts. In a recent memo, BTIG acknowledged that reports that the Biden administration is…