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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: TLRY) has launched Good Supply Hash Bats™, a new line of hash-infused pre-rolls, which debuted in Ontario in February 2022. The product combines popular strains Jean Guy and Starwalker Kush with hash, offering a higher potency option at 26% THC, exceeding the typical pre-roll THC levels by 5%. The Good Supply brand is well-regarded in Canada and aims to deliver a superior smoking experience. Hash Bats are set for a broader national rollout in April and May 2022.
Tilray Brands has announced its intention to acquire HEXO Corp.’s senior secured convertible notes valued at up to US$211 million. This strategic alliance aims to enhance operational efficiencies and product innovation, benefiting both companies. The acquisition is projected to yield approximately C$20 million in interest payments during the first year, adding 4 cents to future earnings per share. Furthermore, both companies expect to realize up to C$50 million in shared cost synergies over the next two years, with Tilray nominating a member to HEXO’s Board upon closure.
Manitoba Harvest is set to showcase its innovative Hemp food products at Natural Products Expo West from March 10-12, 2022, in Anaheim, CA. The brand will unveil a new lineup that includes Hemp Protein powders blended with Matcha and Kale, as well as convenient formats like Ground Hemp Seeds. These products aim to enhance consumer wellness by leveraging hemp's rich protein and omega content. With a history since 1998, Manitoba Harvest, a subsidiary of Tilray Brands (NASDAQ: TLRY), emphasizes quality and sustainability in their hemp-based offerings.
SweetWater Brewing Company, a subsidiary of Tilray Brands, is expanding its craft beer distribution into Washington and Oregon in partnership with Columbia Distributing. This move follows a recent launch in California and marks the 39th and 40th states for product availability. As SweetWater celebrates its 25th anniversary, it continues to grow, showcasing its flagship beers like SweetWater 420 Extra Pale Ale. The expansion underscores the brand's success and strategic growth plans within the craft beer market.
MedMen Enterprises Inc. (CSE: MMEN, OTCQX: MMNFF) has appointed Ana Bowman as Chief Financial Officer, effective February 22, 2022. She succeeds interim CFO Reece Fulgham, who will return to consulting. Bowman has extensive cannabis industry experience, having served as Vice President of Financial Reporting at Tilray Brands (NASDAQ: TLRY). MedMen operates across several states in the U.S. and offers a variety of cannabis products through its retail stores and loyalty program.
Tilray Brands, Inc. (TLRY) has announced the successful sale of its medical cannabis products in Malta, marking a significant expansion for its medical cannabis division, Tilray Medical. With EU-GMP certification, these products are now accessible in pharmacies across the country, providing Maltese patients with reliable access to high-quality medical cannabis. Chief Strategy Officer Denise Faltischek highlighted the growing demand for cannabis in Europe and emphasized the company's role in partnering with trusted distributors. This milestone reinforces Tilray's commitment to delivering safe cannabis products globally.
Benzinga announces that Tilray Brands CEO Irwin Simon will keynote the upcoming Benzinga Cannabis Capital Conference on April 20-21, 2022 in Miami, Florida. This event aims to attract significant investment in the cannabis sector, highlighting opportunities for networking and capital raising. The conference features an enhanced expo floor, VIP areas, and improved 1:1 meeting systems, all designed to support high-profile attendees and exhibitors. Benzinga's Chief Zinger, Jason Raznick, expresses excitement about the record investment potential.
Breckenridge Distillery, owned by Tilray Brands (NASDAQ: TLRY), announced the Valentine's Day release of its limited-edition beer-barrel whiskey, 'Super' Sexy Motor Oil. This series two release combines bourbon whiskey aged in beer barrels with coffee and coconut flavors. Following the success of the first series, which sold out quickly, this limited variant will be available exclusively at their locations on February 14 at 11 a.m. The production highlights a unique aging process that enhances its flavor profile, emphasizing Breckenridge's expertise in crafting award-winning spirits.
SweetWater Brewing Company, a subsidiary of Tilray Brands (NASDAQ: TLRY), has announced a significant expansion into California in partnership with Reyes Beer Division, the largest beer distributor in the U.S. This move ties into SweetWater's 25th anniversary and marks California as the largest state in their portfolio. The brewery plans to leverage its West Coast roots while offering a diverse lineup of craft beers. The expansion highlights SweetWater's growth trajectory, following the recent acquisition of Alpine Beer Company and Green Flash Brewing Company.
Tilray Brands has launched Tilray Medical, a comprehensive global medical cannabis platform unifying its brands, including Aphria. This initiative aims to enhance access to high-quality medical products globally, especially in Canada. The new division will provide a range of cannabis products such as flower, oils, vapes, edibles, and topicals after securing local regulatory approvals. Tilray Medical positions itself as a leader in cannabinoid-based medicine, emphasizing research-backed solutions for patients worldwide.
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