Shares of Tilray Brands Inc ( TLRY ) are trading lower Tuesday morning, giving back a portion of the previous session’s explosive gains. The stock is experiencing a correction after surging over 35% on Monday, a rally ignited by a weekend social media post from President Donald Trump.

What To Know: The sector-wide buying frenzy was triggered after Trump shared a video on Truth Social advocating for the medical benefits of CBD for seniors and suggesting potential Medicare coverage. This sparked investor optimism for a more favorable federal regulatory environment for cannabis.

Tilray, a global cannabis-lifestyle and consumer packaged goods company, benefited significantly from the speculative interest. Beyond its foundational cannabis operations, the company has diversified into the U.S. market with a growing portfolio of craft beer and beverage brands. Tuesday's pullback suggests investors are taking profits as the market weighs the uncertain path of cannabis reform.

Benzinga Edge Rankings: Highlighting the stock’s powerful recent price action, Benzinga Edge rankings give Tilray a Momentum score of 92.49.

TLRY Price Action: Tilray Brands shares were down 4.86% at $1.76 at the time of publication Tuesday, according to Benzinga Pro. The stock is trading near its 52-week high of $1.86.

The stock is trading well above its 50-day moving average of $1.03, indicating a strong bullish trend in the medium term. However, the recent price action suggests a potential reversal, with immediate support likely around $1.65.

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How To Buy TLRY Stock

By now you're likely curious about how to participate in the market for Tilray Brands ( TLRY ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Tilray Brands ( TLRY ), which is trading at $1.76 as of publishing time, $100 would buy you 56.82 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

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