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Tilray Brands, Inc. (NASDAQ: TLRY) is a pioneering company in the field of medical and recreational cannabis production and research. Headquartered in Canada, Tilray has positioned itself as a global leader with a commitment to providing safe, consistent, and reliable therapy to patients and consumers worldwide. The company operates in multiple regions, including Canada, the United States, Europe, Australia, and Latin America, serving a diverse clientele ranging from patients and physicians to pharmacies, hospitals, and governments.
In 2021, Tilray underwent a significant transformation when legacy Aphria acquired legacy Tilray through a reverse merger, consolidating their strengths under the name Tilray Brands, Inc. This strategic merger expanded Tilray's market reach and product portfolio, bolstering its position in both the medical cannabis export market and the recreational cannabis sector.
Tilray's core offerings include a comprehensive range of cannabis products, from medical cannabis treatments to CBD products and alcoholic beverages. One of its latest ventures is the Ridge Runner West Coast IPA, a craft beer that has gained popularity for its complex flavors and craftsmanship. Additionally, Tilray's subsidiary, Widmer Brothers Brewing, recently launched a new Hefe Variety 12 Pack, showcasing innovative wheat beer styles.
The company is also making strides in the cannabis beverage market with the introduction of XMG Zero and XMG+ beverages. These products offer a variety of THC and CBG ratios, bringing unique flavors and high-quality ingredients to consumers across Canada.
Tilray's commitment to innovation extends beyond beverages. Solei, one of its wellness brands, has introduced the Warming Deep Tissue Stick, a cannabis-infused topical solution designed for active lifestyle enthusiasts. Meanwhile, Good Supply has released the Twisted All-in-One rechargeable vape, offering a potent and flavorful vaping experience.
Overall, Tilray Brands, Inc. continues to lead the way in cannabis research, cultivation, and distribution, with a diversified portfolio that caters to the needs of a global community. The company remains dedicated to enhancing the lives of its consumers through high-quality, innovative products that inspire well-being.
Tilray Brands (TLRY) announces major 420 celebrations across Canada, featuring a headline concert with multi-platinum artist Don Toliver on April 17, 2025, at Rebel in Toronto. The event, dubbed 'Redecan 420 OG concert', will showcase Tilray's leading cannabis brands including Good Supply, Redecan, Broken Coast, and XMG.
The first 100 tickets will be available at $42.00 starting March 3rd, 2025, with remaining tickets priced between $100-$200. During the event, Redecan will launch its new LEGIT LIVE RESIN vapes, made from 100% fresh frozen flower, available in Purple Churro and Animal Runtz strains in a 1.2g all-in-one format with max THC of 1000mg.
Tilray Brands (Nasdaq: TLRY; TSX: TLRY) has announced the launch of Good Supply's Monsters 1,000mg THC Resin Vapes, expanding their product portfolio. The new vapes come in two strain combinations: Grape Daddy Kush (Indica) and Super Lemon Guy (Sativa), each containing 1.5g carts with 1,000mg THC.
The products feature full spectrum BHO resin combined with cannabis terpenes for enhanced entourage effects. Key features include a custom heating coil and wider mouthpiece for improved airflow. Good Supply is also offering additional vape products including 2g 510 Vapes with up to 50% THC, 15% CBG, and 15% CBD, 1.2g 'Twisted' All-In-One Vapes, and 1g 510 Cartridge vapes.
The launch represents Good Supply's strategic expansion into the full-spectrum vape segment, building on their successful Monsters pre-roll line.
Blue Point Brewing Company, a Tilray Brands (NASDAQ: TLRY) subsidiary, has announced its 5th annual Shakedown on Main Street arts and music festival, scheduled for May 17, 2025, at their Patchogue, New York brewery. The festival will feature performances by Ripe, Badfish, Dogs in a Pile, and Ernie & the Band, alongside local food trucks, art exhibits, and skateboarding demonstrations.
The event will run from 1:00 PM to 10:00 PM EST, with ticket prices ranging from $42 for early-bird general admission to $200 for standard Ultra VIP passes. The brewery is also organizing a Battle of the Bands competition in February, with the winner securing an opening slot at the festival.
Tilray Medical, a division of Tilray Brands, Inc. (NASDAQ: TLRY; TSX: TLRY), has announced an expansion of its medical cannabis extract portfolio in Germany. The company introduced two new product offerings:
1. Tilray THC50 CBD50 (25ml): A high-potency 1:1 medical cannabis extract designed for patients requiring higher cannabinoid content
2. Tilray THC10 CBD10 (10ml): A new trial size version of their top-selling medical cannabis extract, created to allow more accessible initial dosing and treatment exploration
The expansion responds to increasing demand for balanced medical cannabis extracts in Germany, where Tilray maintains its position as the leading provider of medical cannabis extracts. The products are available with a physician's prescription at pharmacies throughout Germany.
Tilray Brands (TLRY) has completed Phase I of its accelerated cannabis supply chain growth plan, with full planting at its Aphria One and Aphria Diamond facilities in Canada. Previously idled sections during COVID-19 are now operational, adding 60 metric tonnes to annual production capacity, bringing the total Canadian capacity to 210 metric tonnes.
The company operates eight cultivation and manufacturing facilities across Canada and Europe, with a current global cannabis cultivation capacity of 247 metric tonnes. Phase II includes planting at the outdoor Cayuga site this spring. First sales from Phase I harvests are expected in late Q4, with Phase II harvest beginning in October 2025.
Tilray's facilities include operations in Leamington, Nanaimo, Foss, Cayuga, and Masson in Canada, plus facilities in Cantanhede, Portugal, and Neumünster, Germany, serving over 20 legal cannabis markets worldwide.
Montauk Brewing Company, a Tilray Brands (NASDAQ: TLRY) subsidiary, announced a partnership with JetBlue to serve its Surf Beer Golden Ale on all domestic and international flights starting February 2025. This marks the first airline partnership for Montauk's craft beer, making the company's best-selling flagship beer available to JetBlue customers worldwide.
The Surf Beer, inspired by Montauk's coastal lifestyle and 'Chase Your Wave' ethos, is described as a light and refreshing brew. Co-founder Vaughan Cutillo expressed pride in the selection, emphasizing how it represents the brand's commitment to relaxation and joy.
Tilray Brands (NASDAQ: TLRY) announces nationwide game day events at its craft breweries for February 9th, 2025. The initiative spans multiple locations including SweetWater Brewing, Montauk Brewing, Breckenridge Brewery, Blue Point Brewing, 10 Barrel Brewing, Hop Valley Brewing, Redhook Brewing, Terrapin Beer, and Atwater Brewery.
Each brewery offers unique experiences including watch parties, special food and beverage deals, giveaways, and take-home packages. Highlights include SweetWater's taproom touchdowns in Atlanta, Montauk's partnership with Fierro's Pizza, Breckenridge's three-location celebration, Blue Point's house party raffle, and various brewery-specific promotions featuring craft beers, wings, and game day specials.
Terrapin Beer Co., a Tilray Beverages craft beer brand (NASDAQ: TLRY), announces the 20th anniversary celebration of its Wake-n-Bake Coffee Oatmeal Imperial Stout with a special event on January 26th, 2025, in Athens, GA. The Wake-n-Bake Off event will feature local restaurants competing to create the best dishes incorporating the iconic stout.
The celebrated stout is crafted with Nugget hops and a complex malt blend, featuring 2-Row, Crystal 85, Flaked Barley, Flaked Oats, Chocolate, Black, and Roasted Barley, enhanced with Jittery Joe's Coffee. Available in 6-packs of 12oz cans and on draft, the beer offers a smooth, velvety texture with rich coffee notes.
The anniversary event begins at 4 PM EST at Terrapin Beer Co.'s taproom, featuring live music by Jim Cook, exclusive merchandise, and food offerings. Guest judges include Charlie Mustard from Jittery Joe's Coffee, Beth Hughes from Little Light Co., and Anthony Schaaf from Athens Rock Lobsters.
Breckenridge Brewery, a Tilray Brands (NASDAQ: TLRY) subsidiary, has launched Spring Forward Grapefruit IPA, a new seasonal beer release. The -edition brew combines grapefruit and citrus flavors with hop-driven bitterness, featuring Amarillo, Cascade, and Citra hops.
The beer will be available from January through April 2025 in 6-pack bottles and on draft at select regional retailers. The packaging design showcases vibrant pinks, purples, and greens to reflect blooming seasons. Brewmaster Carl Heinz emphasizes the beer's refreshing character and year-round appeal.
Tilray Brands (TLRY) reported strong Q2 2025 financial results with notable growth across all business segments. Net revenue increased 9% year-over-year to $211 million, while gross profit rose 29% to $61 million. The company's beverage segment showed remarkable performance with a 36% revenue increase to $63 million.
The company reported a net loss of $(85) million, of which $75 million was comprised of non-cash items. Adjusted EBITDA was $9 million compared to $10 million in the prior year. Tilray announced Project 420, a $25 million synergy plan for its beverage business, with $17 million already achieved by Q2 end.
Key segment performance includes beverage alcohol gross margin increasing to 40%, cannabis net revenue at $66 million with 35% gross margin, distribution revenue of $68 million, and wellness segment growing 13% to $15 million. The company reaffirmed its fiscal year 2025 guidance of anticipated net revenues between $950 million and $1 billion.
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