The shares closed at $5.76 on Wednesday as the Nasdaq Composite gained 2.02% to 25,838.94 and the Dow rose 1.24% to 49,910.59.
Despite the rebound, Tilray still underperformed the broader market in a strong session for equities.
The stock remains 75.17% below its 52-week high of $23.20 reached on 9 October, while trading volume of 4.4 million was 319,000 below its 50-day average.
With its stock down 75%, can Tilray’s controversial bet on beer actually revive its fortunes?
Tilray is a cannabis giant with no U.S. presence. Is it missing the biggest market opportunity in decades?