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Tilray Brands, Inc. - TLRY STOCK NEWS

Welcome to our dedicated page for Tilray Brands news (Ticker: TLRY), a resource for investors and traders seeking the latest updates and insights on Tilray Brands stock.

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.

Rhea-AI Summary
Tilray Brands to acquire eight beer and beverage brands from Anheuser-Busch, becoming the 5th largest craft beer brewer in the US with 5% market share. Pro forma revenue expected to be ~$300 million, accretive to EBITDA. Transaction to close in 2023. Tilray aims to drive revenue and cost synergies, expand distribution, and invest in the craft beer industry. Beer business expected to triple in size to 12 million cases annually. Positive for Tilray's growth strategy.
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Montauk Brewing Company announces distribution partnership with Origlio Beverage and Banko Beverage to bring its craft beers to Pennsylvania, including Philadelphia, Scranton, and the Lehigh Valley.
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Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY) and Great North Distributors, Inc. announced a renewed national brokerage agreement, solidifying Great North as the exclusive representative for Tilray's recreational cannabis products in Canada (excluding Quebec). Great North will invest in dedicated resources and enhanced data capabilities to maximize sales revenue, further driving exceptional route-to-market efficiencies for Tilray's market-leading cannabis portfolio, including newly acquired HEXO brands.
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Tilray Brands reported record Q4 net revenue of $184 million, representing 20% YoY growth. FY2023 net revenue was $627 million, with a 6% growth to $668 million on a constant currency basis. The company achieved nearly $200 million improvement in adjusted free cash flow compared to FY2022. Tilray increased its cannabis market share position in Canada to 13% with the HEXO acquisition and grew its medical cannabis market position across Europe. The company issued FY2024 guidance with adjusted EBITDA targets of $68 million to $78 million.
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Tilray Brands has completed its acquisition of HEXO Corp, creating Canada's largest cannabis company by revenue and increasing Tilray's market share by 44%. The acquisition strengthens Tilray's position in the Canadian cannabis market and expands its portfolio of high-growth brands. It also enhances Tilray's position in the premium pre-roll segment and fortifies its commercial network. The acquisition is expected to result in cost savings of over US$27 million and position Tilray ahead in the consolidating cannabis market.
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FAQ

What is the current stock price of Tilray Brands (TLRY)?

The current stock price of Tilray Brands (TLRY) is $1.34 as of November 22, 2024.

What is the market cap of Tilray Brands (TLRY)?

The market cap of Tilray Brands (TLRY) is approximately 1.2B.

What does Tilray Brands, Inc. do?

Tilray Brands, Inc. is a global leader in medical and recreational cannabis production and research. The company offers a wide range of cannabis products, including medical treatments, CBD products, and craft beverages.

Where is Tilray Brands, Inc. headquartered?

Tilray Brands, Inc. is headquartered in Canada.

What was the significance of the 2021 merger?

In 2021, legacy Aphria acquired legacy Tilray through a reverse merger, consolidating their strengths under the name Tilray Brands, Inc., thus expanding their market reach and product portfolio.

What are some of Tilray's wellness products?

Tilray's wellness products include the Solei Warming Deep Tissue Stick, a cannabis-infused topical solution designed for active lifestyle enthusiasts.

What recent product has Tilray introduced in the beverage market?

Tilray recently introduced XMG Zero and XMG+ beverages, offering a variety of THC and CBG ratios with unique flavors.

What is the Ridge Runner West Coast IPA?

Ridge Runner West Coast IPA is a craft beer introduced by Tilray's subsidiary Breckenridge Brewery, known for its complex flavors and craftsmanship.

What vaping product has Good Supply recently launched?

Good Supply has recently launched the Twisted All-in-One rechargeable vape, offering a potent and flavorful vaping experience.

What markets does Tilray operate in?

Tilray operates in Canada, the United States, Europe, Australia, and Latin America.

What is the mission of Tilray Brands, Inc.?

Tilray's mission is to be the most responsible, trusted, and market-leading cannabis and consumer products company in the world, enhancing people's lives through high-quality, innovative products.

How does Tilray ensure the quality of its products?

Tilray is committed to providing safe, consistent, and reliable therapy through its GMP-certified production and a diversified portfolio that meets the needs of a global community.

Tilray Brands, Inc.

Nasdaq:TLRY

TLRY Rankings

TLRY Stock Data

1.23B
897.22M
0.67%
12.1%
12.48%
Drug Manufacturers - Specialty & Generic
Medicinal Chemicals & Botanical Products
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United States of America
NEW YORK