TILRAY BRANDS INC Stock Price, News & Analysis

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.

Tilray Medical has announced final results from a clinical study on oral cannabis extract for Chemotherapy-Induced Nausea and Vomiting (CINV). The randomized, placebo-controlled trial involved 147 participants from 2016 to 2022, testing capsules containing 2.5mg THC and 2.5mg CBD versus placebo. The study showed significant improvements, with complete response rates increasing from 8% (placebo) to 24% (THC:CBD). While demonstrating reduced nausea and fewer daily vomits, some side effects were observed, including sedation (18% vs 7%), dizziness (10% vs 0%), and anxiety (4% vs 1%).

Breckenridge Brewery, a Tilray Brands (NASDAQ: TLRY) subsidiary, has partnered with the University of Colorado Athletics to release a -edition version of their Juice Drop Hazy IPA in 19.2oz cans. The co-branded packaging features the CU Buffaloes logo alongside Breckenridge's branding, targeting both beer enthusiasts and Buffs supporters. The collaboration, developed with Buffalo Sports Properties and CLC, builds on Breckenridge's four-year relationship as the Buffs' craft beer partner. The special edition will be available at select retailers across Colorado, particularly in Boulder and surrounding areas.