Stifel analyst Andrew Carter lowered the firm's price target on Tilray to $14.50 from $18 and keeps a Hold rating on the shares after the company reported Q4 revenue and adjusted EBITDA that missed his estimates. While overall revenue missed his forecast, Carter highlighted that the sequential decline in bulk sales suggests an in-line revenue performance despite a difficult market environment. Given that difficult near-term environment, however, the company is unlikely to provide evidence toward meeting its improving gross margin performance and accelerating revenue targets that would be needed to "bring enthusiasm to the shares," Carter said.

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."