Tilray Wins $USD8Million Shareholder Suit | Cannabis Law Report | Where to order Skittles Moonrock online
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Green Market Report
Tilray saved millions by getting the case dismissed, but the company is still in financial trouble.
New York-based Tilray Brands (Nasdaq: TLRY) (TSX: TLRY) celebrated the news on Wednesday that an $8 million shareholder lawsuit filed against it and subsidiary Hexo Corp. was dismissed after a Massachusetts Superior Court judge ruled that the plaintiffs in the case had not actually suffered a financial loss.
Read more
https://www.greenmarketreport.com/tilray-wins-dismissal-of-8m-shareholder-lawsuit/
and the gambling continues
25 March
Tilray faces Nasdaq delisting over share price woes
27 March
Why Investors Were High on Tilray Stock Today
Anytime a company within the chronically struggling marijuana industry sees a leap in stock price, it’s notable. 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.
Cannabis clash…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.
https://www.nasdaq.com/articles/why-investors-were-high-tilray-stock-today
until the next court case!
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