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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.
Redhook Brewery, a subsidiary of Tilray Brands (NASDAQ: TLRY), has partnered with Montlake Futures NIL Collective to launch Montlake Gameday Gold Lager, the only beer supporting University of Washington student-athletes. The 5% ABV lager, featuring purple and gold packaging, is available at Husky Stadium, Redhook Brewlab, and Seattle-area grocery stores. This strategic collaboration aims to support UW Athletics and student-athletes' NIL activities while offering fans a new beverage option for game days.
Tilray Brands has launched its 2024 Holiday Cannabis Gift Guide, featuring a curated selection of cannabis products from its Canadian brands. The guide includes premium offerings across multiple categories:
- Broken Coast Cannabis presents 'Milk & Cookies' premium flower
- Good Supply introduces new 2g vapes with THC, CBD, and CBG
- Redecan offers Bluntees in hemp-based blunt paper
- Chowie Wowie features cannabis-infused Belgian chocolates
- Solei launches wellness topicals with THC and CBD
- XMG and Mollo provide cannabis-infused beverages
Tilray Brands presents its 2024 holiday spirits and craft beverage gift guide featuring premium spirits, award-winning brews, sparkling water, non-alcoholic brews, and hemp-derived THC drinks. The company announces holiday-themed events at select brewpubs including Montauk Brewing Company's Friendsgiving Benefit, Atwater Brewery Holiday-Themed Speakeasy Bar, Breckenridge Brewery's Horseshoe Holiday Market, and Blue Point Brewing Festivus Party. The guide showcases new products across multiple categories including non-alcoholic THC beverages from Happy Flower and Herb & Bloom, craft beers from various breweries, and premium spirits from Breckenridge Distillery.
Blue Point Brewing Company, a Tilray Brands subsidiary, introduces Blitz Beer, a new American Lager for their winter seasonal lineup. Available November through February, this 4.8% ABV lager, previously known as 'Shouganai,' earned a Silver Medal at the 2023 Great American Beer Festival. The beer features pilsner malt, flaked rice, and Tettnanger and Calista hops. The brewery will celebrate the launch at Webster Hall on November 19th with live performances, offering tickets at $14. Blitz Beer will be available in 6-packs and 12-packs of 12oz cans and on draft at select locations.
Charlotte's Web Holdings reported Q3 2024 financial results with revenue of $12.6 million, down from $14.3 million in Q3 2023. The company saw a net loss of $5.8 million ($0.04 per share), improved from a $15.2 million loss in Q3 2023. Notable developments include expansion into Walmart with CBD topicals in 827 stores, launch of new Functional Mushroom Gummies, and partnership with Tilray for Canadian market entry. SG&A expenses decreased 36.2% to $12.7 million, reflecting cost reduction initiatives. The company maintains $24.6 million in cash and $33.5 million in working capital as of September 30, 2024.
Tilray Medical has launched its first commercial German-grown medical cannabis products from its Aphria RX facility under a newly issued cultivation license. The company received Germany's first medical cannabis cultivation license under MedCanG on July 15, 2024, allowing them to cultivate and manufacture a broad range of medical cannabis products. The strains selected for cultivation at the indoor facility are derived from top-performing varieties popular with patients in Canada. This development strengthens Tilray's position in German medical cannabis cultivation, production, and distribution.
10 Barrel Brewing, a subsidiary of Tilray Brands (NASDAQ: TLRY), announces its 13th Annual Pray for Snow Party, a free community event scheduled for November 16, 2024, in Bend, Oregon. The winter celebration will run from 5-10 p.m., featuring live music, giveaways, and the premiere of the 'Beer Lodge' film. Event highlights include free board waxing by Powderhouse, local industry vendors, a Jerry costume contest, and various winter sports-related activities. The 'Beer Lodge' film, documenting 40 days of winter sports activities in McCall, Idaho, will premiere at the event before its digital release on The Bomb Hole on November 18, 2024.
Breckenridge Distillery, a subsidiary of Tilray Brands (NASDAQ: TLRY), has launched its new Candy Cane Vodka for the holiday season. The 80 proof (40% ABV) vodka features peppermint and white chocolate bark flavors, available in 750ml and 50ml bottles nationwide. This release joins Breckenridge's existing flavored vodka portfolio, which includes Pear, Chili Chile, and Espresso variants. The product features festive red-striped bottles designed to enhance holiday tablescapes.
SweetWater Brewing Company, Atlanta's leading craft brewer and a Tilray Brands subsidiary, has announced the lineup for its 20th Anniversary 420 Fest, scheduled for April 18-20, 2025, at Atlanta's Historic Pullman Yards. The festival will feature headliners The Revivalists, Marcus King, Greensky Bluegrass, Drive-By Truckers, and Cypress Hill.
The event combines music, craft beer, art, and environmental initiatives. Festival highlights include interactive art installations, a Craft Beer Village featuring multiple breweries, family-friendly spaces, and returning attractions like SweetWater's Fishing Camp. The festival emphasizes sustainability through green energy credits, a partnership with Waterkeeper Alliance ($10 per ticket), bike valet services, and comprehensive recycling programs.
Tilray Brands (NASDAQ: TLRY) has launched 'Men's Health on Tap', a new podcast series hosted by Dr. John P. Sfakianos and Dr. Steven A. Kaplan from the Icahn School of Medicine. The podcast aims to address men's health topics, including mental health, prostate cancer, and wellness. This initiative is part of Tilray's broader men's health campaign, which includes collaborations with Montauk Brewing and Blue Point Brewery. The company is also supporting Movember through Blue Point Brewing's special 'Big Mo' beer release and Breckenridge Distillery's partnership with Flaviar for the 'Dad's Stash Whiskey' launch, supporting Fight Colorectal Cancer.
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