How to buy Tilray shares (TLRY) now • Benzinga


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symbol Company % Switch Price Invest
TLRY Tilray
$ 16.67 Buy stocks

Although positive catalysts have started to emerge in recent months, nothing compared to the latest news that UK-based Grow Pharma, one of the leading providers of unlicensed cannabis medicines, will distribute the products of medical cannabis certified to Tilray UK Good Manufacturing Practices (GMP). Suddenly in the February 9 trading session, TLRY stock skyrocketed nearly 41%.

The announcement follows other ambitious news for Tilray. In December 2020, Tilray executives announced that the company would merge with Aphria (NASDAQ: APHA) in an all-equity deal. Once the merger is finalized, it will form the largest cannabis company in the world. Even before the UK distribution announcement, TLRY was already one of the best players in the market since the start of the year.

Before adding plants to your portfolio, you’ll want to familiarize yourself with the mechanics of buying stocks, especially cannabis stocks, which have a reputation for being wild.

Merger with Aphria

  • Tilray shareholders approved a merger with Aphria during a special meeting on Friday April 30, 2021.
  • The combined company will be the largest cannabis company in the world in terms of revenue.
  • Aphria shareholders will receive 0.8381 TLRY share for each APHA share held.
  • The merger is expected to be finalized in the second quarter of 2021.

How to buy TLRY share summary:

  • Choose a brokerage house.
  • Decide how many shares you want.
  • Choose your order type.
  • Execute your transaction.

How to buy Tilray shares (TLRY)

In 2018, Canada became the first G7 country to legalize recreational cannabis for adult use. A once illegal market has moved to a legal (and therefore taxable) market. You can’t be more transformative than converting a $ 0 market into a potentially multi-billion dollar industry.

However, what was great news for the cannabis industry wasn’t exactly a boon for individual cannabis investments like TLRY stock. TLRY stock crashed abruptly at the end of October 2018 and continued to move lower until the end of last year. While the narrative has undoubtedly turned upward for Tilray, you’ll want to be careful how you approach his actions.

  1. Choose a brokerage house.

    You don’t have to be an investment expert to know that you need to choose a broker before buying TLRY shares. But determine the best brokers is a complicated subject because it is not a unique concept.

    Typically, young investors avoid complexity for convenience. Fortunately, there has never been a better time to invest, regardless of your demographic. Thanks to increasing competition, many online brokers offer easy-to-access platforms with near-standard benefits such as commission-free trading. Mobile trading apps like Robin Hood enable on-the-fly transactions, a key benefit for Millennial and Gen Z investors.

  2. Decide how many shares you want.

    If this is your first rodeo, know that the stock market trades based on number of shares, not dollar value. If you want to buy a certain dollar value of a particular stock, you need to convert dollars into stocks.

    Fortunately, it’s a straightforward process. Just take the total amount you want to spend and divide it by the market price of your target stock. For example, if you want to invest $ 1,000 in TLRY shares, you will be able to purchase 23 whole units ($ 1,000 / $ 42.35 = 23.61).

    Keep in mind that some brokerage firms will allow you to acquire fractional shares so that you can receive the full value of the shares for the amount of your expenses. However, fractional ownership is not a standard feature, so be sure to include it in your brokerage search criteria.

  3. Choose your order type.

    When you buy a product in a grocery store, you expect to pay the price listed. However, in the market the price almost always changes. Therefore, you should be aware of the nuances of stock trading and terminology. Learn more about the must-have concepts:

    Offer: Supply is the highest price an investor will pay for a stock and is always lower than demand.

    Ask: In contrast, demand is the minimum price that a seller will accept and is always greater than supply.

    Broadcast: This is the difference between the bid and ask price. As an investor, you speculate that the price of your target stock will increase after you acquire it. In contrast, market makers earn their money based on the difference between the purchase price of their shares and the price they sell to you.

    Limit order: A limit order is a specific price at which you want to buy or sell a stock. The trade will only go through exactly at your predetermined price, which is huge for transparency. However, there is no guarantee that the stock will reach this specified price.

    Market order: A market order is a request to buy or sell a stock at the next available price. If you place a market order during normal session hours, it is guaranteed to execute, giving you peace of mind. On the other hand, this is the least advantageous type of order because your buy order will occur at the ask price (and your sell order at the bid price).

    Stop-loss order: A safety net for your portfolio, a stop-loss order takes you out of a position if a specified price is reached or exceeded. This way, you can avoid catastrophic loss in extreme volatility. However, if the stock price declines between sessions, you may end up selling your holdings for a much lower price than you want.

    Stop-limit order: Similar to a stop-loss order, the main difference is that a stop-limit order will only execute at a specific price. Therefore, if a reaction rally occurs after a large downward deviation, a stop-limit order will exit your position if the target stock hits your price threshold. As with limited orders, there is no guarantee that the stock will reach this threshold.

  4. Execute your transaction.

    Order types really make a living when it comes to wild trades like TLRY stocks. If stocks do fly on any given day and you absolutely want to enter, market order is your best friend because it secures you a position (albeit at an unfavorable rate).

    However, if you know which price is your maximum acceptable level, then the limit order is appropriate.

Best Online Stock Brokers

Find the brokerage that’s right for you. While some brokers offer quick and easy transactions, others are much more complex, opening up the full range of investment vehicles.

TLRY share history

On the cusp of cannabis legalization, Tilray’s stock seemed unstoppable, reaching an average price of $ 143.62 in September 2018. However, the uptrend quickly dissipated from the following month. From there, TLRY printed what could only be described as an almost perfect downtrend channel.

TLRY stock may have bottomed out 2 years later, which would be an extraordinary coincidence. Admittedly, the momentum seems positive, as stocks have almost increased tenfold on a monthly average between September 2020 and early February 2021.

Benefits of buying TLRY shares

Consider these advantages for buying TLRY shares:

  • Legislative dynamics: Not only does significant political power rest in the hands of the Biden administration, but a robust cannabis industry in the United States will lead to something everyone can agree on: more jobs.
  • Growing international acceptance: While TLRY stock benefited the most from the Grow Pharma deal, other cannabis stocks also jumped in sympathy. Indeed, a British partnership opens the door to a wider international expansion.
  • A relative discount: At its peak, Tilray represented nearly $ 150 of shares. Although stocks have recently skyrocketed, they are still discounted from that peak value at $ 42.35.

Disadvantages of buying TLRY shares

Also consider the disadvantages:

  • Bad story: Although TLRY stock is the toast of Wall Street today, it still hasn’t lived up to expectations for years. Expect volatility as previous stakeholders seek to come out with something to show for their efforts.
  • Political tensions: While the Biden administration is in the driver’s seat, the political landscape could change if Republicans dominate the roost in a few years.
  • Lack of differentiating opportunities: Cannabis is not rocket science. Therefore, unless Tilray delivers something proprietary, it’s hard to imagine that the competition won’t be an issue at some point.

Consider profiting from a rebound

For years, TLRY stock has been left out of the doldrums. But from the second half of 2020, sentiment picked up. Tilray has entered into a key agreement with Aphria and Grow Pharma, which represents a historic opportunity for the company and the cannabis industry in general.

However, TLRY stock does not have the best performance ever. This can lead to volatility in the future, as previous stakeholders seek to break even.

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