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TILRAY BRANDS INC

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TLRY trade ideas

TLRY - 420 to the MOON or is CANNABIS FINISHED?This chart is pretty explanatory, and probably doesn't require much explanation. I'm bullish on this stock. I'm 90% sure Dems push cannabis legislation through as it's a bipartisan issue for the most part, and will look good for both parties pre election. Starts with credit cards and banks, imo. Don't follow green line path as gospel, it is often incorrect, but helps me plan a preliminary "ideal" path based on indicators. It helps with backtracking predictions, and keeping emotions in check, as you know what "past you" saw. I like 1.89 as a big time buy target, but it could easily go lower. Relevant trends and targets marked. Watch out, current trends are showing the run-up into earnings, which would allow for a drop. Does this mean anything? Not always, but it's good to note. current bullish price movement doesn't have to end if rejection trends and targets start to break and confirm. Good luck!
NASDAQ:TLRYLong
by nicktussing77
21
Tilray ($TLRY) 4.20 and beyondLooks like a massive ZigZag has finished on Tilray. C-Wave is pretty much exactly .786 the length of the A-Wave (in log). If the impulse from the low is completed, it's a bit too early to call for a completed correction, though not entirely impossible, if this finishes as a Zigzag down (meaning we're currently in the C-wave). Timewise it would seem too short though, so this might need a bit more time to offer the next long. i.ibb.co
NASDAQ:TLRYLong
by TophatPandaMagician
46
Tilray Brands Reports Weak Q3 Fiscal 2024 Financial ResultsTilray Brands, Inc., ( NASDAQ:TLRY ) a leading global cannabis-lifestyle and consumer packaged goods company, recently released its financial results for the third quarter of fiscal year 2024. Despite facing a challenging market environment, the company showcased resilience and growth across various segments, demonstrating its strategic positioning in the evolving cannabis industry. Steady Revenue Growth Amidst Market Volatility: Despite market volatility, Tilray Brands ( NASDAQ:TLRY ) reported a remarkable 30% increase in net revenue compared to the prior year quarter, reaching $188 million. This growth was primarily driven by a robust performance in beverage-alcohol and global cannabis segments, reflecting the company's agility in capitalizing on emerging market trends. Diversification Strategy Pays Off: Tilray's strategic expansion into complementary markets such as beverages and wellness foods has proven fruitful. The company's beverage-alcohol net revenue surged by an impressive 165%, cementing its position as the 5th largest craft beer brewer in the U.S. Furthermore, its wellness segment witnessed a notable 12% increase in net revenue, highlighting the success of targeted advertising campaigns and continuous innovation efforts. Global Cannabis Leadership and Market Penetration: In the global cannabis arena, Tilray Brands ( NASDAQ:TLRY ) solidified its leadership position with a 33% increase in net revenue, driven by significant growth in international markets such as Canada and Germany. With the #1 market share in both countries, Tilray ( NASDAQ:TLRY ) is well-positioned to capitalize on the expanding medicinal and adult-use cannabis markets, showcasing its prowess in navigating complex regulatory landscapes. Strategic Focus on Financial Stability and Debt Reduction: The company's focus on financial stability was evident, with a strong liquidity position of approximately $226 million, comprising cash and marketable securities. Notably, Tilray ( NASDAQ:TLRY ) reduced its outstanding convertible debt by $50.7 million compared to the previous quarter, demonstrating prudent financial management amidst economic uncertainties. CEO Perspective: Irwin D. Simon, Tilray Brands' Chairman and CEO, emphasized the company's dynamic and diversified portfolio, spanning cannabis, beverages, and wellness products. He underscored Tilray's strategic achievements during the quarter, including revenue growth, debt reduction, and operational synergies. Simon's vision for Tilray as a global leader in the cannabis-lifestyle and consumer products industry highlights the company's commitment to innovation and market leadership. Conclusion: Tilray Brands, Inc.'s ( NASDAQ:TLRY ) robust performance in the third quarter of fiscal year 2024 underscores its resilience and strategic foresight amidst market challenges. With steady revenue growth, a diversified product portfolio, and a strong focus on financial stability, Tilray remains poised to capitalize on emerging growth opportunities in the evolving cannabis industry. As the company continues to innovate and expand its market presence, investors can look forward to sustained value creation and long-term growth potential. Technical Outlook Tilray Brand ( NASDAQ:TLRY ) stock is down by 20% trading at $2.07 Tuesday Trading session. NASDAQ:TLRY has a weak Relative Strength Index (RSI) of 46.78. The Yearly price chart shows a bearish Harami despite Robust Q3 Fiscal 2024 Financial Results.
NASDAQ:TLRYShort
by DEXWireNews
Tilray Brands Unveils Exciting 420 Product Lineup: Stock up 18%As the cannabis industry continues to evolve, Tilray Brands, Inc. ( NASDAQ:TLRY ) emerges as a frontrunner in the global cannabis lifestyle and consumer packaged goods market. In a recent announcement, Tilray ( NASDAQ:TLRY ) unveiled its latest product lineup and 420 celebratory activations across Canada, offering consumers an array of diverse cannabis products from its leading brands. Tilray Brands ( NASDAQ:TLRY ), known for its commitment to quality and innovation, showcases an impressive selection of flower, beverages, pre-rolls, and vapes, catering to both seasoned cannabis enthusiasts and curious newcomers alike. Flower Selection: Redecan Space Age Cake, Good Supply Melon Dream, and Broken Coast EmergenZ and Cherry Cheesecake are among the standout strains offered, each boasting unique aromas and taste profiles that promise to elevate the cannabis experience. Beverage Innovation: XMG+ Non-Carbonated Banana Brain-Freeze and Berry Rocket, Solei Cold Brews in Peach Cranberry and Wildberry Hibiscus, and Mollo Seltzers in Lemon, Mango, and Pineapple showcase Tilray's commitment to providing consumers with innovative and refreshing beverage options infused with THC and other cannabinoids. Pre-Rolls for Convenience: Good Supply's 'Cherry on Top' Blunts, Redecan Hemp'd Khalifuel Redees, and Canaca Darts in Berries & Cream and Twisted Citrus offer convenient and pre-rolled options for consumers seeking quality and consistency. Vape Excellence: Good Supply Gooey Gold and Cherry Loops vapes deliver high potency and rich flavors, enhancing the vaping experience with every inhale. In celebration of 420, Tilray Brands invites consumers to explore these exciting new products through a series of educational budtender events hosted in partnership with over 1000 Canadian cannabis retailers nationwide. These events offer a unique opportunity for consumers to learn about Tilray Brands' products and the ever-changing landscape of cannabis innovation and culture. With a commitment to quality, diversity, and consumer satisfaction, Tilray Brands ( NASDAQ:TLRY ) continues to push the boundaries of cannabis innovation, setting the standard for excellence in the industry. Whether it's the creamy vanilla notes of Redecan Space Age Cake or the tropical sweetness of XMG+ Non-Carbonated Banana Brain-Freeze, Tilray Brands offers something for every cannabis enthusiast to enjoy. Technical Outlook Tilray Brands Inc. ( NASDAQ:TLRY ) stock is up by 18.26% prior to new product lineup news. In our recent technical Outlook on Tilray Brands ( NASDAQ:TLRY ) stock, we predicted the stock to spark a bullish breakout after forming a symmetrical triangle pattern. which did fill the order. Wednesday, 4th April 2024. NASDAQ:TLRY is trading above the 200-day Moving Averages (MA) with a bullish Relative Strength Index (RSI) of 77.82 indicating an overbought position or continuation of the current trend.
NASDAQ:TLRY
by DEXWireNews
3
Tilray approaching a swing trade and/or shorting opportunityNASDAQ:TLRY is approaching a resistance range and is at the top of a W pattern. It's rsi is also overbought above the 70 level. Volume is also trending upwards and has reached the level where the previous volume high (and price trend reversal) was. The trading opportunity is around the 3 scenarios shown in the chart, with, due to the technical indicators mentioned above, scenario 2 and then 3 being the most likely. Trading approach would be to wait until after the quarterly earnings are released and see if: Scenario 1 The price breaks above the resitance range, apply a 3 day filter to ensure it's not a fakeout, and swing trade upwards to approx. $3. Scenario 2 A more likely scenario, the price starts to decline and enter then enter into a short with a take profit at $1.60. Exact entry point for the trade might be difficult to determine, especially as the previous moves in price have been so explosive that there may not be an optimum tim eto enter, thus shorting would be a higher risk trade. Scenario 3 Wait until the price reaches the support level since November 2023 (approx. $1.6) and enter a swing trade back up to the resistance range with an exit at approx. $2.5. To reduce risk, enter the swing with a combination of the RSI being at 30 and/or a 3 day filter to reduce the risk of the price breaking down from $1.6 to a new low. Scenario 3.5 Same as scenario 3 but with the support level being around the DMAs and price range where the price movement faced some resistance on it's way up during mid-March 2024. A more likely scenario, the price starts to decline and enter then enter into a short with a take profit at $1.60. Exact entry point for the trade might be difficult to determine, especially as the previous moves in price have been so explosive that there may not be an optimum time to enter, thus shorting would be a higher risk trade. NOTE: Those with a risk appetite large enough may use the technical indicators mentioned in the first paragraph as enough of a comfirmation to enter a risky short trade: Entry point: Now ($2.45) Stop Loss: $2.70 Take Profit: $1.60 Risk:Reward ratio: 1:3
NASDAQ:TLRYShort
by slip_stream
5
Tilray's 8% Surge: High-Risk Gamble or a Path to Redemption?Tilray Brands (NASDAQ: NASDAQ:TLRY ), once a shining star in the cannabis industry, finds itself in turbulent waters as its stock price struggles amidst a series of setbacks last week. Despite aggressive growth through acquisitions, Tilray's stock has plummeted, trailing behind major indices and leaving investors questioning the efficacy of its strategy. The Acquisition Frenzy: Tilray's growth trajectory has been marked by a flurry of acquisitions, positioning itself as a major player in both the cannabis and alcoholic beverages markets. From snapping up eight beer brands from AB InBev to acquiring Truss Beverage from Molson Coors, Tilray seemed determined to diversify its revenue streams and mitigate the inherent risks of the cannabis industry. Revenue Growth vs. Mounting Losses: While acquisitions have propelled Tilray's revenue growth, with annual revenues soaring from $179.3 million in 2019 to over $700 million in the trailing twelve months, the company's bottom line tells a different story. Net losses have ballooned, surging from $36.1 million in 2019 to over $1.4 billion in the same period, raising concerns about the sustainability of its expansion strategy. Cannabis vs. Beverages: A Shifting Landscape: Despite its roots in cannabis, Tilray's focus seems to be shifting towards alcoholic beverages, evident in its recent revenue breakdown. While the cannabis segment still contributes significantly to its revenue, the beverages segment is gaining ground, a trend likely to continue as integration efforts persist. Challenges on Multiple Fronts: Tilray ( NASDAQ:TLRY ) faces an array of challenges, both domestically and internationally. In Canada, its home market, saturation is squeezing margins, while regulatory hurdles in the United States pose obstacles to expansion. Even in Germany, touted as a potential growth market, barriers loom large, underscoring the uphill battle Tilray faces in realizing its ambitious revenue targets. Stock Price Forecast: Tilray's ( NASDAQ:TLRY ) stock price paints a bleak picture, with a strong downward trend persisting throughout the year. Despite its downward trend, Tilray ( NASDAQ:TLRY ) stock was up 8% in early market trading this could be a sign of a bullish breakout after the stock's poor performance last year. Technical indicators suggest that further downside could be in store, with key support levels looming as potential targets.
NASDAQ:TLRYLong
by DEXWireNews
TLRY Bullish outlook due to market shiftDear, Readers. My analysis is completely based of market strucutre. The ticker has been making consecutive higher highs this was confirmed after a market shift when price broke and closed above 1.99 on the daily time frame. Now this does not completely confirm a bullish trend. When price broke above 2.09 high this confirmed that we have made that bullish shift to potential higher highs. For entries I did the same analysis that aligned with my daily bias. I have targets set for 2.50 area.
NASDAQ:TLRYLong
by whyshoulditell
14
Navigating the Green Waves: Tilray Brands' Strategic Moves Canadian market leader Tilray Brands ( NASDAQ:TLRY ) has weathered storms and is now charting a course towards growth and innovation. Despite recent stock fluctuations and an industry grappling with regulatory challenges, Tilray's resilience and strategic initiatives position it as a compelling player in the cannabis market. This article explores Tilray's recent performance, growth strategies, and the potential for investors as the company navigates through both challenges and opportunities. Market Snapshot: Tilray, once a high-flying stock that reached $300 per share in 2018, faced a significant decline but has shown signs of resurgence. With shares hovering around $2.11, the company recently reported record quarterly revenue, signaling a potential turnaround. Despite a lower-than-expected loss, Tilray's sales growth of 34% in the fiscal second quarter is a noteworthy achievement, breaking a streak of three declining quarters. Diversification Beyond Cannabis: One of Tilray's key strategies involves diversifying its product portfolio beyond traditional cannabis offerings. The company's 117% growth in alcoholic beverage net revenue during the reported quarter showcases its successful foray into alternative markets. With its recent launch of THC and CBG-infused RIFF BOOST beverages and the introduction of new flavors in its Chowie Wowie cannabis chocolate products, Tilray is carving a niche in the ever-expanding cannabis-infused product segment. Market Leadership and Global Expansion: Tilray's 12.5% market share in the Canadian cannabis market reaffirms its position as a leader in the industry. While awaiting potential legalization developments in the U.S., the company is proactively bolstering its alcoholic beverage presence and expanding its footprint globally. With 24 states and Washington D.C. having legalized recreational marijuana, and Germany potentially joining the fold in 2024, Tilray's growth plan focuses on new geographies and innovative product offerings. Strategic Acquisition and Cost Efficiency: Tilray's acquisition of rival Hexo Corp for $56 million underscores its commitment to strategic growth. Despite challenges related to pre-acquisition liabilities and exit costs, the company is on track to achieve up to $35 million in annual savings from the Hexo deal. This move not only enhances Tilray's market position but also demonstrates its ability to navigate the complexities of the evolving cannabis landscape. Challenges and Outlook: While Tilray has reported a drop in second-quarter income and faces industry-wide profitability challenges, the company remains optimistic about its full-year guidance. The decision to focus on adjusted core profit and achieve cost savings indicates a proactive approach to financial sustainability. Analysts project a full fiscal year loss for Tilray, but the company's strategic moves position it for potential growth in the long term, especially if regulatory environments become more favorable. Conclusion: Tilray Brands' journey from its 2018 peak to its current status reflects the dynamic nature of the cannabis market. The company's strategic diversification, global expansion plans, and cost-efficient initiatives make it a compelling player in an industry poised for transformation. While risks and challenges persist, Tilray's commitment to innovation and adaptability positions it as a stock worth watching. Investors keen on tapping into the evolving cannabis market may find Tilray Brands a compelling choice for long-term growth.
NASDAQ:TLRYLong
by DEXWireNews