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Stock impact report

Why Investors Were High on Tilray Stock Today [Yahoo! Finance]

Tilray Brands, Inc. - Class 2 (TLRY) 
Last tilray brands, inc. - class 2 earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
That happened on Thursday with top Canadian cannabis company Tilray Brands (NASDAQ: TLRY) , following news of a development in the legal sphere. Tilray's shares enjoyed a 9% pop on this news, comparing most favorably to the 0.3% slump of the S&P 500 index that day. Just after market hours on Wednesday, Tilray announced -- no doubt with relief -- that a lawsuit against the company had been dismissed in a Massachusetts court. In the suit, a plaintiff named Clement Italume accused Tilray and Hexo (a peer Canadian marijuana company it acquired in mid-2023) of failing to properly disclose and notify shareholders of certain Hexo actions. Italume also alleged that those investors were not properly informed of the acquisition. Finally, he accused Hexo of engineering a 2020 reverse stock split in order to essentially harm shareholders. The ruling, by a Superior Court in the state's Suffolk County, granted in full a summary judgement motion made by Hexo and Tilray. It is unclear whether t Show less Read more
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