What's Going On With Tilray Brands Stock Today?

Tilray Brands, Inc. TLRY shares are trading lower in the morning session on Wednesday.

The company has officially transitioned the cultivation of its flagship cannabis strain, Good Supply Jean Guy, to its state-of-the-art production facility in Masson-Angers, Québec.

Previously cultivated in Ontario, the cannabis strain in Québec will now benefit from the advanced technology and high-performance capabilities of the Masson-Angers facility.

This move highlights Tilray’s commitment to enhancing its operations in Québec, with the company also unveiling new packaging for the Jean Guy strain. The updated logo and packaging are set to debut on April 8, 2025.

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The Masson-Angers facility, employs over 100 local residents, produces more than 12 tonnes of cannabis annually, with room for further expansion.

In addition to Jean Guy, the facility also grows other popular cannabis strains such as Grand Daddy Purps, Sweet Berry Kush, and Pineapple Express under the Good Supply brand.

According to Benzinga Pro, TLRY stock has lost over 72% in the past year. Investors can gain exposure to the stock via AdvisorShares Pure Cannabis ETF YOLO.

Recently, Tilray Brands and its subsidiary HEXO Corporation announced the successful dismissal of a lawsuit filed by Clement Italume.

The Massachusetts Superior Court, Suffolk County, granted Tilray and HEXO’s motion for summary judgment, dismissing Italume’s claims.

Price Action: TLRY shares are trading lower by 1.60% to $0.6437 at last check Wednesday.

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Photo: Courtesy of PeopleImages.com – Yuri A via Shutterstock.