Tilray Brands, Inc. ( TLRY ) shares are trading lower on Tuesday.

According to Benzinga Pro, TLRY stock has gained over 36% in the past month. Investors can gain exposure to the stock via AdvisorShares Pure Cannabis ETF ( YOLO ) .

On Monday, the cannabis company stated it plans to extend its medical marijuana footprint into Panama through a new joint venture with local distributor Top Tech Global Inc.

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The initiative positions Tilray Medical to bring cannabinoid-based therapies to patients and clinicians across the country.

Operating as Solana Life Group, the partners have received a medical cannabis license from Panama's National Directorate of Pharmacy and Drugs, authorizing cultivation, manufacturing, import, export, distribution and sales.

Panama's authorization provides Tilray with a regulated gateway to serve patients while supporting physicians who seek consistent dosing and a traceable supply.

Tilray Medical says it will pair its global experience with Top Tech's local know-how to accelerate access and ensure continuity of care.

The company intends to introduce a portfolio of cannabinoid medicines and patient services backed by medical education, pharmacovigilance, and a reliable logistics network.

It also plans to work closely with healthcare professionals, regulators, and patient advocates to meet local standards and clinical expectations.

Alongside product availability, Tilray Medical aims to provide ongoing training and resources for prescribers, emphasizing evidence-informed use cases and individualized care plans.

The goal is to build trust with clinicians and simplify adoption inside hospital and clinic settings.

The expansion underscores rising interest in regulated medical cannabis across Latin America, where frameworks increasingly demand GMP-grade products and physician guidance.

Price Section: TLRY shares are trading 3.8% lower at $1.62 as of Tuesday’s last check.

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