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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, Inc. (NASDAQ | TSX: TLRY) announced that stockholders approved a Charter Amendment to cancel authorized but unissued Class 1 Common Stock and re-allocate these shares to Class 2 Common Stock, which will be designated as Common Stock. CEO Irwin D. Simon expressed gratitude for the stockholders' support and emphasized Tilray's strategic growth plan, highlighting its leading market position in Canada and Germany, along with a diverse portfolio in the U.S. CPG and craft beverage sectors. The company aims to continue pursuing growth opportunities both organically and through strategic acquisitions.
SweetWater Brewing Company, the 10th largest craft brewer in the U.S., announces the return of its popular Triple Tail Tropical India Pale Ale (IPA) for spring 2023. The beer, known for its fruity hop burst of tangerine, papaya, and pineapple notes, will be available in 12-ounce cans across several states, including Georgia and Tennessee. SweetWater aims to cater to customer demand, having reintroduced this highly requested beer following feedback from craft drinkers. The launch reflects SweetWater's commitment to seasonal offerings and taps into the growing trend of flavorful craft beers.
SweetWater Brewing Company, the 10th largest craft brewer in the U.S., has launched Gone Trippin’, a West Coast Style IPA celebrating its roots. The beer, with an ABV of 7%, features a blend of Cascade, Centennial, Crystal, Chinook, and Citra hops, providing a balanced bitter taste with pine, citrus, and floral notes. Available in 6-packs and 12-packs, Gone Trippin’ is distributed nationally, currently offered in states including Colorado and Georgia, with plans for further expansion. This launch reflects SweetWater's commitment to quality craft beer and marks a return to their West Coast origins.
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.
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