Cannabis Shares Increase Following Tilray's Performance and Positive Outlook from Canaccord Genuity

Written by Emily J. Thompson, Senior Investment Analyst

Source: SeekingAlpha

Updated: Oct 09 2025

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Source: SeekingAlpha

Tilray's Revenue Beat: Tilray reported better-than-expected revenue for Q1 FY26, leading to a ~31% increase in its shares and positively impacting other Canadian cannabis companies like Canopy Growth and Aurora Cannabis.
Bullish Industry Outlook: Canaccord Genuity initiated coverage on several U.S. multi-state operators (MSOs) with optimistic ratings, citing potential rescheduling of cannabis under U.S. law, which could alleviate tax burdens for cannabis firms.
Concerns Over Tax Regulations: Analyst Kenric Tyghe highlighted uncertainties regarding the U.S. Internal Revenue Code 280E, which currently restricts tax deductions for cannabis companies, but noted that risks may be overstated given recent legal precedents.
Target Price Ratings: Tyghe issued Buy ratings for Curaleaf, Green Thumb, and TerrAscend with specific price targets, while recommending a Hold on Planet 13 Holdings due to challenges in the tourism market and retail performance.

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.