Tilray Brands, Inc. (NASDAQ: TLRY) shares are trading higher Monday after President Donald Trump shared a video that discussed potential medical benefits of CBD for seniors.
What To Know: Trump posted a video to Truth Social on Sunday produced by The Commonwealth Project, a Massachusetts group that advocates for medical cannabis care for seniors.
The video highlights older adults who face pain, inflammation and cognitive decline, and claims CBD can help restore the endocannabinoid system. The narrator claims benefits such as reduced pain, improved sleep and lower stress, concluding with a call for Medicare coverage of CBD and greater doctor education.
The clip also credits Trump for signing the 2018 Farm Bill, which legalized hemp, and positions him as a supporter of expanding access to cannabis-based treatments.
How To Buy Tilray Shares
By now you’re likely curious about how to participate in the market for Tilray – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Tilray, which is trading at $1.6 as of publishing time, $100 would buy you 58.48 shares of stock.
If you’re looking to bet against a company, the process is more complex. You’ll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
Related Link: Pharma ETFs In A Tariff Storm: How Investors Can Hedge Risk
TLRY Price Action: At the time of writing, Tilray shares are trading 49.57% higher at $1.71, according to data from Benzinga Pro.
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