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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.
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.
Tilray reported financial results for Q2 ended November 30, 2022, highlighting a net revenue of $144.1 million, with a free cash flow of $25.4 million and operating cash flow of $29.2 million. The company maintained its leading market share in Canada at 8.3%. Despite facing industry challenges, Tilray achieved adjusted EBITDA of $11.7 million for the 15th consecutive quarter. Notably, Tilray completed the acquisition of Montauk Brewing Company, contributing to a 56% increase in beverage-alcohol sales to $21.4 million year-over-year.
Tilray Brands, a global cannabis lifestyle company, will release its financial results for the second quarter ending November 30, 2022, on January 9, 2023. The earnings call will be held at 8:30 AM ET, accessible via the company's website and the Public.com investor app. Investors can submit questions through the Say Technologies platform until January 8, 2023. Tilray aims to be a trusted leader in cannabis consumer products, with a focus on innovation and a diverse portfolio of over 20 brands across multiple countries.
Tilray Brands (Nasdaq: TLRY) has launched a new limited edition premium craft flower series named RIFF, featuring two exclusive collections: Orbital Indica and Crossfade Sativa.
This series includes strains like Cherry Moon Pie, Purple Cotton Candy, Melonaide, and Juicy Fruit, each with high THC potencies and unique terpene profiles. Available only in select markets in Canada, these strains are produced with advanced techniques to ensure quality. Once sold out, they will not be restocked, emphasizing their exclusivity.
Tilray Brands has launched the Peppermint Phatty 510 vape cartridge, enhancing its Good Supply product line across Canada. This new 1g cartridge, featuring peppermint and vanilla flavors, claims to be the company's most potent vape yet. It aims to cater to cannabis enthusiasts looking for high-quality and innovative products. The launch comes during the holiday season, positioning the brand to attract more customers. Good Supply has established itself as a leading Canadian cannabis brand, known for its classic strains and popular product offerings.
Tilray Brands, a global cannabis company, announced the launch of the Take Back Control platform aimed at connecting women with free resources on medical cannabis. The initiative focuses on providing consultations with healthcare practitioners specializing in women’s health to help women make informed decisions regarding medical cannabis. Currently available in Canada, the platform simplifies access to healthcare professionals, allowing women to address their health needs. Tilray Medical is committed to enhancing patient dignity through reliable access to medical cannabis.
Tilray Brands has expanded its CANACA cannabis brand with the launch of three high-potency BHO-infused products: Shredded Weedies™, Crumble Cones™, and Indica 30. These products aim to enhance the cannabis experience for consumers in Canada. The #FeelTheBoost campaign promotes these new offerings, which include infused milled flower and pre-rolls, ensuring consistency and convenience. The products will be available in select regions and retailers across Canada, marking a strategic update in Tilray's product portfolio.
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