Tilray Stock (TLRY.US): Live Price Chart

Tilray (TLRY.US): Tilray, Inc. (current market cap: $1.79 billion as of 19th September 2023) is a Canadian pharmaceutical and cannabis company specializing in the research, cultivation, production, and distribution of medical and recreational cannabis products. Founded in 2013 by Brendan Kennedy, Christian Groh, and Michael Blue, it has its headquarters in Nanaimo, British Columbia, Canada. The company played a significant role in the early stages of the cannabis industry's growth and development, focusing on both medical and adult-use markets.

It went public in 2018, becoming one of the first cannabis companies to do so on a major stock exchange. This move marked a milestone in the industry's transition toward greater legitimacy and acceptance. Since then, Tilray has expanded its operations and product offerings, including various cannabis brands and pharmaceutical products.

Tilray has experienced high volatility in its share price within the past 5 years. The highest stock price reached was $300.00 in September 2018, while the lowest stock price reached was $1.50 in June 2023.

Using essential tools and indicators when analysing the stock could help traders make more informed trading decisions. For example, candlestick patterns could provide insights into a stock's price movements by depicting the opening, closing, high, and low price points for a specific time frame. Chart patterns, such as head and shoulders, double tops and bottoms, and triangles, could also help identify potential trend reversals and signals to buy or sell a stock.

Also, it’s essential to consider your trading style: Do you prefer day trading, scalping trading, swing trading, copy trading or position trading? Traders should always conduct thorough research and analysis before making trading decisions, as the stock price may change its trajectory at any given time, and past performance is not indicative of future results.

Before jumping into a trade, it is necessary to know more about the company you are trading and its competitors. Tilray's competitors in the cannabis space include but are not limited to:

• Canopy Growth (CGC.US): Canopy Growth Corporation, based in Smiths Falls, Ontario, Canada, is a prominent cannabis company known for its diversified range of cannabis and hemp-based products. Founded in 2013 by Bruce Linton and Chuck Rifici, it was among the early pioneers in the legal cannabis industry.
• Aurora Cannabis Inc (ACB.CA): Aurora Cannabis Inc., headquartered in Edmonton, Alberta, Canada, is another major player in the global cannabis industry. Founded in 2006 by Terry Booth and Steve Dobler, Aurora has rapidly expanded its cannabis cultivation and distribution operations. The company produces a wide range of cannabis products for both the medical and recreational markets.