Tilray Shares Experience Historic Swings Following Trump’s CBD Endorsement

Tilray’s stock demonstrated extraordinary market volatility this week, recording one of the most significant single-day movements in recent cannabis sector history. The catalyst emerged from an unexpected source: former President Donald Trump’s public endorsement of CBD products, which triggered a dramatic 61% surge in the company’s share price within just twenty-four hours.

The rally ignited when Trump released a nearly three-minute video on Truth Social, where he characterized CBD as “revolutionary for senior healthcare.” This political endorsement immediately translated into massive buying pressure, driving Tilray’s stock price to $1.85 and establishing new 52-week highs.

Market Response Metrics:
– Trading volume exploded to 371.5 million shares
– Cannabis-focused ETFs followed with gains exceeding 20%
– Options market data... Read more...