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 Medical, a division of Tilray Brands (NASDAQ: TLRY), has launched its Broken Coast EU-GMP certified medical cannabis products in Australia. These products are now accessible via a doctor's prescription and include strains like Amnesia Haze THC22, OG Kush Breath THC25, Cherry Cheesecake THC19, and EmergenZ THC27. The cannabis is cultivated by Broken Coast and manufactured by Avanti Rx Analytics at Tilray's Canadian facility, certified by Health Canada. Tilray aims to empower the therapeutic alliance between patients and healthcare professionals, providing high-quality, safe medical cannabis globally. The company leads the medical cannabis industry in over 20 countries with a diverse portfolio of THC and CBD products.
On June 14, 2024, Tilray Brands (Nasdaq | TSX: TLRY) announced a men’s health initiative launching on Father’s Day, June 16, 2024. Partnering with Montauk Brewing and Blue Point Brewery, the campaign aims to promote discussions on men’s health through awareness, education, and outreach activities. Collaborating with medical experts Dr. Steven A. Kaplan and Dr. John P. Sfakianos, and Medivizor, Tilray will provide personalized health information via TaukAboutIt.com and QR codes on Montauk’s Pilsner packaging. The campaign will feature events, including a launch party at Blue Point Brewery, and support the Movember Foundation. The initiative also includes the Wave Chaser Run Club to foster a community focused on wellness.
Tilray Brands (Nasdaq: TLRY; TSX: TLRY) announces the launch of Good Supply's 'Summer Shareability' campaign, celebrating summer with a range of cannabis products. Good Supply, a leading cannabis brand in Canada, is introducing new multi-pack pre-rolls, Twisted Vapes, Juiced Infused Pre-Rolls, and Monsters Infused Pre-Rolls. These products are designed for easy sharing and enjoyment during summer gatherings, featuring new strains, flavors, and convenient formats. The campaign aims to enhance social experiences with products available across select Canadian regions.
Breckenridge Distillery, a subsidiary of Tilray Brands (NASDAQ: TLRY), won Double Gold at the 2024 New York International Spirits Competition. This marks the fourth time Breckenridge has been named Colorado American Blended Whiskey Distillery of the Year, with previous wins in 2013, 2015, and 2019. Breckenridge's Port Cask Finish, also celebrated at the event, has garnered accolades, including World’s Best Finished Bourbon at the 2024 World Whiskies Awards. Breckenridge Distillery continues to be recognized for its quality and innovation in the whiskey industry.
Tilray Brands (NYSE: TLRY) has launched a new sativa strain called 'Purple Churro' under its Redecan cannabis line. This strain, a cross between Cinnamon Horchata and Apples & Bananas, offers sweet vanilla and cinnamon notes with dominant terpenes like limonene, nerolidol, and caryophyllene. Purple Churro is available in 3.5g and 14g formats in Ontario and Alberta, with expansions planned for Manitoba and British Columbia. The strain features high THC levels, adding to Redecan's collection of high-quality flowers. Redecan will showcase 'Purple Churro' at the 5th annual ‘BUD BASH’ in Toronto. This launch aims to enhance summer festivities and cater to both casual consumers and connoisseurs.
Breckenridge Brewery, a subsidiary of Tilray Brands (NASDAQ: TLRY), along with 97.3 KBCO, has announced the 'On Tap with KBCO' concert series featuring Gary Clark Jr., John Vincent III, and Eddie 9V. Scheduled for August 10, 2024, at the Breckenridge Brewery in Littleton, Colorado, the charity concert benefits Project C.U.R.E., a non-profit providing medical supplies globally. Tickets are available through a lottery system, open from June 3 to June 10, 2024. Lottery entrants will be notified of their ticket status via email on June 10, 2024.
Tilray Brands has announced the launch of Good Supply's 'Twisted' All-In-One vapes, featuring 1.2g of cannabis distillate with 1,000mg THC. These rechargeable devices offer three tropical flavor combinations: Purple Monkey & Frozen Watermelon, Orange Swirl & Strawberry Freeze, and Mango Passionfruit & Guava Sunrise. Users can enjoy single flavors or combine them for unique mixes. The rechargeable battery ensures long-lasting use, and the company highlights its eco-friendly packaging, diverting over 131,000kg of plastic annually. The product will be available across Canada starting this summer.
Tilray Brands announced the launch of its Solei Warming Deep Tissue Stick, a new cannabis-infused topical solution catering to active lifestyle enthusiasts. Featuring a balanced blend of 300mg THC and 300mg CBD, the stick combines shea butter, coconut, and jojoba oil for smooth application and non-greasy residue. The product provides a dual-action experience of warming and cooling sensations, enhanced with a refreshing minty scent. Available in Ontario and select retailers starting next month, Tilray plans to release a higher potency version later this summer.
Tilray Brands announced an at-the-market (ATM) equity program, allowing it to offer and sell up to $250 million in common stock. The sales will be conducted by TD Securities and Jefferies under an equity distribution agreement. The funds raised will be used for strategic acquisitions and investments, particularly in the U.S. and internationally, to capitalize on regulatory advancements. The timing and amount of sales will depend on market conditions. A registration statement and prospectus supplement have been filed with the SEC, making the offering effective immediately.
SweetWater Brewing Company, a subsidiary of Tilray Brands (NASDAQ: TLRY), announced the launch of its new Sunset Sippin’ Cocktail Inspired Hard Seltzers on May 16, 2024. Available throughout the Southeast and select national markets, the new hard seltzers come in four flavors: Wild Berry Punch, Sweet Tea Lemonade, Mango Sunrise, and Strawberry Peach Smash, each containing 6% alcohol-by-volume. This launch aims to expand SweetWater's product offerings into the fast-growing beyond-beer category, aligning with summer activities and consumer preferences for flavorful, easy-drinking beverages. The variety packs of 12 twelve-ounce cans are designed for outdoor and social occasions.
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