Tilray Brands, Inc (NASDAQ: TLRY) was popping up over 7% on Wednesday, confirming its current uptrend is still intact by printing a higher high.

The uptrend was initially confirmed on Monday, when Tilray dropped almost 7% to print a higher low. The decline came after the cannabis giant printed its second-quarter 2023 financial results, showing revenues declined 7% year-over-year to $144.1 million.

Traders and investors saw some positive signs in Tilray’s results, however, and on Tuesday the stock rallied about 1.3%. Tilray marked its 15th consecutive quarter of positive adjusted EBITDA, with gross profits of $40.1 million, a 22% increase, year over year.

From a technical analysis standpoint, Tilray looked set to trade higher on Wednesday, because on Tuesday the stock printed a bullish inside …

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