12 Best Penny Stocks Under $1 to Buy Now

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3. Tilray Brands Inc. (NASDAQ:TLRY)

Share Price as of July 22: $0.79

Number of Hedge Fund Holders: 14

Tilray Brands Inc. (NASDAQ:TLRY) is one of the best penny stocks under $1 to buy now. On June 26, Tilray Brands, through its medical division, Tilray Medical, published a new scientific study on the bioavailability of different cannabinoid formulations.

This research, conducted on healthy volunteers, compared Tilray’s oral THC:CBD extract with oromucosally administered nabiximols.

The findings show that Tilray’s oral extract resulted in higher and faster concentrations of THC and CBD in the bloodstream.

Tilray Brands Inc. (NASDAQ:TLRY) is a lifestyle consumer products company that researches, cultivates, processes, and distributes medical cannabis products in Canada, the US, Europe, Australia, New Zealand, Latin America, and internationally.

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