5 Best CBD Stocks To Buy Now

3. Tilray Brands, Inc. (NASDAQ:TLRY)

Number of Hedge Fund Holders: 16

Tilray Brands, Inc. (NASDAQ:TLRY) is involved in multiple aspects of the medical cannabis industry, including research, growing, manufacturing, advertising, and distributing its products globally, including in Canada, the US, Europe, Australia, New Zealand, Latin America and other countries. It operates through four divisions – the Cannabis division, the Distribution division, the Beverage Alcohol division, and the Wellness division. On January 12, Tilray Brands, Inc. (NASDAQ:TLRY) announced a rebranding of their cannabis wellness brand, Solei, and unveiled new product offerings, including Solei Slims and Solei CBN Softgels.

On January 10, MKM Partners analyst Bill Kirk maintained a Neutral rating on Tilray Brands, Inc. (NASDAQ:TLRY) and lowered the firm’s price target on the shares to $3 from $4. 

According to Insider Monkey’s data, Tilray Brands, Inc. (NASDAQ:TLRY) was part of 16 hedge fund portfolios at the end of the third quarter of 2022, compared to 14 in the prior quarter. D E Shaw is a significant position holder in the company, with 3.4 million shares worth $9.3 million. 

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