What’s Going On With Cannabis Firm Tilray Brands Stock On Wednesday?

Tilray Brands, Inc. (NASDAQ:TLRY) shares are trading nearly flat on Wednesday.

The company’s stock is rising following two significant announcements today and yesterday. On Wednesday, the company revealed a significant expansion for Runner’s High Brewing, its non-alcoholic craft beer brand, which will now be available at 4,500 new distribution points.

This includes major retailers such as Publix, HEB, Harris Teeter, and Lowes Foods.

With this expansion, Tilray aims to make Runner’s High a go-to beverage for runners and beer lovers alike.

The brand offers three varieties: Golden Wheat, Raspberry Wheat, and Dark Chocolate, each low in calories and designed to appeal to health-conscious consumers.

Also Read: Cannabis Firm Cresco Labs Reports Mixed Q4, CEO Says Company Will ‘Strategically Deploy Capital To Create Growth’ In 2025

Additionally, Runner’s High is reinforcing its position in the running community through a partnership with the Atlanta Track Club and participation in the world-renowned Peachtree Road Race this July.

In another move, Tilray introduced Tilray Craft yesterday, a new extension of its medical cannabis portfolio.

This brand, launched in Germany, will provide flower-based cannabis products with higher THC and terpene content for patients.

The latest product under the Tilray Craft brand is Cannabisblüten THC 25 TAM, a sativa-leaning hybrid strain.

According to Benzinga Pro, TLRY stock has lost over 63% in the past year. Investors can gain exposure to the stock via Amplify ETF Trust Amplify Alternative Harvest ETF (NYSE:MJ) and AdvisorShares Pure Cannabis ETF (NYSE:YOLO).

Price Action: TLRY shares are trading lower by 0.22% to $0.6083 at last check Wednesday.

Read Next:

• Rocket Lab Expands Its Space Arsenal: Eyes Laser Tech Boost With Mynaric Buyout

Image Source: Tilray Brands, Inc..