AdvisorShares Pure U.S. Cannabis ETF Momentum Surges to 88.95 Amid Policy Shifts
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Momentum Score Surge: The AdvisorShares Pure U.S. Cannabis ETF's momentum score skyrocketed from 24.75 to 88.95 in just over a week, reflecting strong market confidence in the cannabis sector, particularly following the Trump administration's policy shift to reclassify marijuana, which is expected to significantly enhance industry profitability.
- Profitability Enhancement: The reclassification allows companies like Tilray Brands Inc. to deduct standard business expenses, unlocking substantial cash flows that further drive investor interest in related stocks, contributing to a rally among the ETF's constituents in the new year.
- New Subsidiary Launch: Tilray has established Tilray Medical USA as its new medical subsidiary in response to the government's reclassification, aiming to tap into the “research-oriented national medical cannabis industry,” which will open new revenue streams and enhance market competitiveness.
- Favorable Market Trends: The AdvisorShares Cannabis ETF exhibits favorable price trends across short, medium, and long-term horizons, reflecting optimistic investor expectations for the future development of the cannabis industry, thereby solidifying its significance in investment portfolios.
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Analyst Views on TLRY
Wall Street analysts forecast TLRY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TLRY is 9.57 USD with a low forecast of 8.50 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 7.620
Low
8.50
Averages
9.57
High
10.00
Current: 7.620
Low
8.50
Averages
9.57
High
10.00
About TLRY
Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company. The Company operates through four segments: Cannabis operations, Distribution business, Beverage alcohol business and Wellness business. The Cannabis operations, which encompasses the production, distribution, sale, co-manufacturing and advisory services of both medical and adult-use cannabis. The Beverage alcohol operations, which encompasses the production, marketing and sale of beverage alcohol products. The Distribution operations, which encompasses the purchase and resale of pharmaceuticals products to customers. The Wellness products, which encompasses hemp foods and cannabidiol (CBD) products. The Company offers a portfolio of adult-use brands and products and expands its portfolio to include new cannabis products and formats. Its brands include Good Supply, RIFF, Broken Coast, Solei, Canaca, HEXO, Redecan, Original Stash, Hop Valley, Revolver, Bake Sale, XMG, Mollo, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Partnership Enhancement: Collaboration with Molteni Farmaceutici will bolster Tilray's distribution capabilities in Italy, increasing physician engagement and ensuring responsible prescribing through hospitals, doctors, and pharmacies.
- Strategic Importance: Tilray emphasizes the significance of the Italian market, committing to building a leading medical cannabis platform in Europe while supporting compliance operations in over 20 countries and promoting evidence-based therapeutic solutions.
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