Stock Track | Tilray Inc. Soars 29.06% in 24 Hours on Launch of New Live Resin Vape Product

Stock Track12-12 09:02

Tilray Inc. (TLRY) experienced a significant 29.06% surge in its stock price over a 24-hour period, driven by the announcement of its new Amped Live Resin Liquid Diamond 1g 510 cartridges under the Redecan cannabis brand. This marks Redecan's first entry into the live resin-liquid diamond vape category, a segment that has seen growing consumer demand in Canada.

The new product line, featuring strains like Space Age CK and Blueberry DNTS, combines Redecan’s Legit Live Resin with Liquid Diamonds to deliver enhanced flavor and performance. The launch aligns with the 6.3% category growth in live resin vapes in Canada over the past six months. Initial distribution is underway in Ontario and Alberta, with national expansion planned for early 2026.

Tilray’s strategic focus on premium cannabis products and market expansion appears to be resonating with investors, contributing to the stock's remarkable rally.

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