Tilray preps for marijuana reclassification, may sell stock

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Tilray News

Julie Hyman,President Biden,Josh Lipton

Shares of Tilray Brands (TLRY) fell sharply on Friday after filing to offer up to $250 million worth of additional shares. The company says the funds would...

) fell sharply on Friday after filing to offer up to $250 million worth of additional shares. The company says the funds would be used to make acquisitions or other investments, not for general purposes. TilrayAll right, let's talk about T brands to that company announcing at the market program to fund strategic and a creative acquisitions.The company is planning to sell shares as it looks to prep for a US cannabis rescheduling.

It doesn't mean it's going to, it means it, it could potentially could do this and it made it very clear in its statement that it's not using this money for operation that it would exclusively be for acquisitions once this from uh schedule one to schedule three gets done in the United States.We were talking about a lot this week, Biden administration looking to reclassify marijuana as a less thing.

Just drug stock has been interesting, you know, I mean, down obviously hard today, it's also down hard in the red this year, but also, I mean, just pull back a bit nice pop recently up about 15% in the past month. Warren Buffett shares how he would earn a whopping 50% per year if he had less than $1 million in 2024Looking for dividends? I wouldn't count on Enbridge stock forever. But there's another that's been a proven winner. The post A Dividend Giant I’d Buy Over Enbridge Stock Right Now appeared first on The Motley Fool Canada.These three top growth stocks are among the best options for long-term investors seeking to amplify their portfolio returns over the long haul.

 

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