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 (Nasdaq: TLRY; TSX: TLRY) has announced the launch of 'Milk & Cookies', a new premium indica strain from its Broken Coast brand. This small-batch flower joins Broken Coast's craft cannabis portfolio, featuring sweet vanilla and nutty earthy flavors. Kevin Anderson, Master Grower at Broken Coast, emphasized the strain's potency and comforting experience.
Milk & Cookies is a Cookies & Cream x Triple OG cross, cultivated with meticulous care and processed through a rigorous quality control process. The strain is currently available in British Columbia and Alberta, with plans to expand to Ontario, Manitoba, and Saskatchewan this Fall, followed by a nationwide rollout. It's offered as flower and in pre-roll formats in select regions.
Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY) has expanded its Solei cannabis product lineup with new THC-infused sparkling beverages and topicals. The company introduced two new infused sparkling beverages: Blood Orange (5mg THC, 10mg CBG) and Dark Cherry (5mg THC, 10mg CBD), both made with real fruit juice and nano-emulsified cannabinoids. Additionally, Solei launched an Extra Strength Deep Tissue Stick, a topical product containing 500mg THC and 500mg CBD, designed for rest and recovery support. This expansion follows the successful launch of Solei's first beverages in summer 2023 and aims to cater to cannabis wellness enthusiasts across Canada.
Shock Top, a subsidiary of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY), has announced a groundbreaking partnership with the Florida Athletic Department, becoming the first craft beer sponsor of Gator Athletics. This collaboration will introduce the first officially licensed co-branded craft beer for Gator fans, set to launch with the 2024 football season.
The partnership includes gameday activations, a year-round campaign, and presence at various sports venues. Fans can participate in a Flyaway trip contest to see the Gators play in Austin. Shock Top will be featured at football, basketball, and baseball events, emphasizing responsible drinking throughout the collaboration.
This strategic move aims to expand Shock Top's presence in Florida and connect with the passionate Gator fan base, enhancing the gameday experience across multiple sports.
Tilray Brands (TLRY) has announced a definitive agreement to acquire four craft breweries from Molson Coors Beverage Company (TAP). The acquisition includes Hop Valley Brewing Company, Terrapin Beer Co., Revolver Brewing, and Atwater Brewery. This strategic move is expected to strengthen Tilray's craft beer leadership in the U.S., particularly in the Pacific Northwest and Georgia, while anchoring the company in key markets like Texas and Michigan.
The acquisition is projected to grow Tilray's new beer accounts by 30% and increase its beer business to 15 million cases annually. Tilray aims to leverage its expertise in product innovation and distribution to unlock the full potential of these brands, strengthen their sales and operations, and expand their reach across the U.S.
This move aligns with Tilray's growth strategy in the beverage industry and is expected to drive revenue, generate cost synergies, and expand national distribution, reinforcing the company's leadership position in craft beer.
Breckenridge Distillery, a subsidiary of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY), has announced its newest Broncos Bourbon Blends and Breckenridge Broncos Vodka as the official Bourbon and Vodka of the Denver Broncos. The -edition bourbons, available in Colorado retailers starting next week, pay tribute to the Broncos' 2024 Mile High Collection.
Two teams, led by Broncos legends Randy Gradishar and Ed McCaffrey, created unique blends: the Broncos Blue Blend and the Broncos Orange Blend. Both are 87 proof (43.5% ABV), honoring McCaffrey's jersey number. Fans can vote for their favorite blend and enter to win tickets to a Broncos game by participating in social media contests.
Shock Top, a subsidiary of Tilray Brands (NASDAQ: TLRY), announces the return of its seasonal brew, Shock Top Twisted Pretzel, after a three-year hiatus. The Belgian-style wheat beer is enhanced with the flavors of a fresh-baked pretzel, making it a unique autumn offering. Available in 6-packs and 12-packs, as well as on draft at select locations, it will be sold through November. To celebrate, Shock Top is hosting a sweepstakes where one winner and a friend will get a four-day trip to Munich's Oktoberfest.
Breckenridge Brewery, a renowned Colorado craft brewer, is opening a new location in Fort Collins in early August 2024. The 10,000-square-foot facility will feature a full-service restaurant and brewery, employing 40 staff members including head brewer Ryan Joy. To celebrate, Breckenridge is hosting a First Pour Party on August 17th, 2024, featuring live music, local vendors, and raffles. The event will showcase a commemorative beer and crowler, with proceeds benefiting Project C.U.R.E. The new location aims to blend Breckenridge's legacy with innovative brewing and community collaboration, offering an elevated dining experience alongside their craft beers.
Tilray Brands reported strong financial results for fiscal 2024, with a 26% increase in net revenue to $789 million. Key highlights include:
- Cannabis net revenue grew 24% to $273 million
- Beverage-alcohol net revenue surged 113% to $202 million
- Reduced net convertible debt by ~$300 million
- Achieved positive adjusted free cash flow of $6.6 million
- Completed strategic acquisitions of eight craft beer brands, HEXO Corp, and Truss Beverage Co
The company's diversification strategy has positioned it as a leader in cannabis, beverages, and wellness across multiple regions. Tilray is now the 5th largest craft brewer in the U.S. and holds the #1 recreational cannabis market share in Canada.
Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY) announced that its subsidiary Aphria RX GmbH has received a trading license in Germany. This license allows Aphria RX to sell and distribute a wide range of medical cannabis products to pharmacies, hospitals, and medical wholesalers throughout Germany. The development significantly expands Tilray's commercial growth opportunities in the German market.
With both cannabis cultivation and trade licenses, Tilray is now well-positioned to capitalize on the growing market opportunity in Germany. This further strengthens Tilray's position as a global leader in cannabis research, cultivation, production, and distribution. The company remains committed to advocating for responsible cannabis regulations, education, research, and accessibility to high-quality medical cannabis.
Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY) has achieved another milestone in European medical cannabis. The company received approval for its second medical cannabis extract in Portugal, Tilray Oral Solution THC10:CBD10. This follows the earlier approvals of Tilray Medical whole flower THC 18 and the first cannabis extract in Portugal.
Denise Faltischek, Chief Strategy Officer and Head of International at Tilray Brands, emphasized the significance of this approval in expanding medical cannabis offerings for Portuguese patients. The company views this as a important step in meeting patient care needs and providing high-quality cannabis products for specific medical conditions.
Tilray Medical operates in over 20 countries, offering a diverse portfolio of EU-GMP certified medicinal cannabis products. The company remains committed to supporting global medical cannabis patient care through quality products accessible via healthcare practitioners.
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