Cannabis Stocks in Play - Tilray Brands, Inc. (NASDAQ: TLRY) Flies on Company News and Possible DEA Reclassification of Marijuana

April 30, 2024 (Investorideas.com Newswire) Investorideas.com, a go-to platform for big investing ideas, reports on trading for Tilray Brands, Inc. (NASDAQ:TLRY) following company news and also reports from Associated Press of US DEA reclassification of marijuana .

Tilray Brands is trading at $2.1797, up $0.4097 or 23.2559%, with a high of $2.28.

Stocks in the sector are getting a bounce from news that The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, The Associated Press has learned, a historic shift to generations of American drug policy that could have wide ripple effects across the country.

Tilray also issued news today about its introduction of a new West Coast style IPA - 'Ridge Runner' - to its portfolio of well balanced and drinkable craft beers. Ridge Runner is inspired by the untamed beauty of Colorado's trails and, like all Breck Brew beers, is the perfect accessory to an active Colorado lifestyle-whether on top of the summit or after a long day exploring the trails. Ridge Runner is a bold and adventurous double dry hopped brew crafted for those seeking the thrill of adventure and the reward of a well-earned sip.

The newly released Ridge Runner is a traditional West Coast IPA - a style that has reemerged in popularity amongst craft beer drinkers thanks to the craftsmanship and nuanced flavor of the hops. With a 7.4% ABV, this adventurous and bold double dry hopped brew is infused with flavors from whole cone hops to build a complex body and enticing aroma. In addition, a double dose of Citra lupulin powder is added creating a fresh, hoppy dominance with notes of bright citrus and pine.

News:

https://ca.finance.yahoo.com/news/breckenridge-brewery-introduces-west-coast-110000820.html

https://apnews.com/article/marijuana-biden-dea-criminal-justice-pot-f833a8dae6ceb31a8658a5d65832a3b8

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