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.
Tilray Brands, Inc. (Nasdaq: TLRY) announces new product innovations from its CANACA brand, introducing Bursts and Darts across Canada. These products include four milled flower-based offerings: Fruitsplosion and Parmigiano Dankiano Bursts, alongside Fruitsplosion and Magic Mochaccino Darts. The CANACA Bursts feature coarse ground whole flower for a sensorial experience, while Darts come as slender pre-rolls aimed at convenience. Both product lines emphasize high potency and unique flavor profiles, with initial availability in Ontario and national launches planned for spring.
Tilray's Good Supply Launches MONSTERS Pre-Rolls in Canada
On February 22, 2023, Tilray Brands announced the launch of its new Good Supply MONSTERS infused pre-rolls across Canada. These pre-rolls combine two potent strains, delivering a striking 2.38g with a maximum THC content of 1,000mg. This makes them the strongest infused pre-rolls in Canada, featuring unique formulations of milled flower and BHO, coated for a smooth experience. Available in two varieties: Golden Guy (Sativa) and Monkey Walker (Indica), these products target highly experienced users. The MONSTERS pre-rolls aim to expand Good Supply's market presence, initially sold in select provinces.
Tilray Brands has announced a proposed charter amendment to enhance corporate governance by issuing 120,000 shares of Series A Preferred Stock. This stock is entitled to 1,000 votes per share but can only vote on the proposal to eliminate Class 1 Common Stock. This amendment aims to simplify the capital structure and safeguard shareholder rights. The annual meeting for stockholders to vote on this proposal is set for March 16, 2023. Approval faces challenges due to the nature of the stockholder base, despite strong initial support.
Breckenridge Distillery, based in Colorado and a subsidiary of Tilray (NASDAQ: TLRY), has won multiple awards at the 2023 World Whiskies Awards. The distillery earned recognition for Best American Blended Malt, Best American Blended Limited Release, and Best American Blended. Gold awards were given to Breckenridge Two Clans, Collectors Art Series’ XO Cognac Cask Finish, and Breckenridge 105 High Proof from over 1,300 submissions. Founder and CEO Bryan Nolt expressed gratitude for the recognition, highlighting future plans for new limited-edition malts and products.
Tilray announced on February 13, 2023, the expansion of its Good Supply cannabis brand portfolio across Canada, introducing new products such as Party Pack Pre-Rolls, Orange Frosting Flower, and Temple Ball Hash. These offerings include larger packs of pre-rolls and new strains of flower, catering to the daily cannabis user. The newly launched products are available in select regions, including Ontario, Alberta, and British Columbia. Good Supply continues to focus on educating consumers about their products with the Bud Squad campaign, enhancing brand visibility and customer engagement.
Breckenridge Distillery, a Tilray subsidiary, announces the launch of the third edition of Sexy Motor Oil, a limited-release whiskey aged in barrels from Breckenridge Brewery, coinciding with Valentine's Day. This 109.5 proof whiskey, known for its fruity and chocolatey flavors, is available at the distillery and Tasting Room in Breckenridge, Colorado. The distillery has a history of successful barrel exchange programs, enhancing flavor profiles. Breckenridge Distillery is recognized for its award-winning spirits, including Breckenridge Bourbon and Breckenridge Gin, and offers immersive guest experiences.
SweetWater Brewing Company, a subsidiary of Tilray Brands (NASDAQ: TLRY), has announced the launch of its new SweetWater Lager, a crisp, clean-bodied beer with an ABV of 4.5%. This lager features a 100% pilsner grain bill and is brewed with Crystal and Hallertau hops for a refreshing taste. Available on draft now and in 12-pack cans starting March 2023, the lager aims to cater to the growing demand for lighter beers. SweetWater is the 10th largest craft brewer in the U.S. and emphasizes its commitment to healthy waterways through conservation initiatives.
Alpine Beer, part of SweetWater Brewing Company, has launched Infinite Haze, a new Hazy IPA with 6.5% ABV, characterized by tropical fruit aromas and a unique hop blend of Motueka, Strata, and Citra. Available in California, it plans for national distribution in 2023. The beer is quickly gaining traction as Alpine's fastest-selling beverage in Southern California, complementing the year-round lineup alongside the unfiltered IPA, Nelson, and Duet. Consumers can find Infinite Haze in six-packs and variety packs at retailers like Albertsons and Total Wine as Alpine expands its reach into Florida.
Tilray Brands has launched two new product collections under its cannabis wellness brand Solei in Canada: Solei ‘Slims’ pre-rolls and CBN Softgels. The Solei ‘Slims’ come in two strains—‘Free’ with a 1:15 THC:CBD ratio, designed for an uplifting experience, and ‘Balance’ with a balanced THC:CBD ratio of 1:1, promoting calmness. The new Rest CBN Softgels feature a 2:1 CBD:CBN blend for a relaxing evening ritual. Both products are positioning Solei as a premium option in the cannabis wellness market.
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