After Tilray reported a Q4 EBITDA loss of ($17.8M), Piper Jaffray analyst Michael Lavery says he does not expect positive earnings in near-term, as the company will remain in investment mode to drive growth. The Canadian market may become profitable as it ramps up, contends the analyst, but he does not expect positive total company EBITDA over the next five-to-seven quarters. However, Lavery expects strong industry growth long-term, and believes Tilray is well positioned to be one of several likely winners. He maintains an Overweight rating on the shares with a $90 price target.

In this week's "Rising High," The Fly's recurring series focused on cannabis and psychedelic stock news, The Fly looks back on study dosing, a completed acquisition and a research partnership. ATAI ANNOUNCES DOSING... To see the rest of the story go to thefly.com. See Story Here

Tilray Brands celebrated 420 with an unprecedented display of community and craftsmanship, with over 20,000 guests attending Tilray's 420 weekend events of vibrant festivals and environmental advocacy. "As a company, we recognize the cultural significance of 420 and its impact on the cannabis industry. By celebrating this day across our brands, we not only honor the traditions of our consumers but also continue to push the boundaries of innovation and progress across both cannabis and craft beer industries," said Irwin Simon, Chairman and CEO, Tilray Brands. "Tilray Brands will continue to connect with consumers across the U.S. and international markets through more festivals, concerts, and events that bring together our passionate community. We will continue to collaborate with like-minded partners who share our values and vision and work towards creating meaningful experiences that are fun and that empower our consumers."