Temporarily profitable Tilray is taking advantage of its chance to raise some cash.

Tilray Brands ( TLRY -18.57% ) , the Canadian marijuana stock , closed 22% higher yesterday after reporting a surprise profit for fiscal Q1. That's the good news.

The bad news is that Tilray wasted no time capitalizing on its new and improved stock price. No sooner had it reported earnings, and booked the price gains from momentum investors rushing into the stock, than Tilray put millions of new shares in play with a new stock offering.

Long story short, Tilray is making a cash grab, and investors are not happy about it. Tilray stock is down 14.7% through 11:25 a.m. today.

Earnings and offerings

Analysts expected Tilray to lose money yesterday, but the company reported a small surprise prof

See Full Page