The most recent trading session ended with Tilray Brands, Inc. (TLRY) standing at $1.66, reflecting a -1.19% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily loss of 0.16%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq lost 0.3%. The company's shares have seen a decrease of 7.18% over the last month, not keeping up with the Consumer Staples sector's gain of 2.98% and the S&P 500's gain of 3.64%. Investors will be eagerly watching for t ...

Tilray Brands, Inc. (TLRY) , a leading global lifestyle consumer packaged goods company, officially completed the acquisition of three well-known craft breweries, namely Hop Valley Brewing Company, Terrapin Beer Co., and Revolver Brewing. The acquisition of these three breweries forms a part of the company's agreement with Molson Coors Beverage Company (TAP) to acquire four breweries on Aug. 13, 2024. As a part of the deal, the company is also on track to acquire Molson Coors' Atwater Brewery. These acquisi ...

NEW YORK, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. ("Tilray", "our", "we" or the "Company") (Nasdaq: TLRY; TSX: TLRY), a global lifestyle and consumer packaged goods company, has successfully completed the previously announced acquisition of craft breweries Hop Valley Brewing Company, Terrapin Beer Co., and Revolver Brewing, from Molson Coors Beverage Company ("Molson Coors") (NYSE: TAP). Irwin D. Simon, Chairman and Chief Executive Officer of Tilray Brands, said, "Tilray Brands is crafting a ...

The latest trading session saw Tilray Brands, Inc. (TLRY) ending at $1.70, denoting no adjustment from its last day's close. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, lost 0.23%. The the stock of company has fallen by 16.26% in the past month, lagging the Consumer Staples sector's gain of 3.03% and the S&P 500's gain of 2.55%. The upcoming earnings release of Tilray Brands, Inc. will be of great interest to investors. The company is expected to report EPS of -$0.04, up 60% from th ...

Its strategic ambitions for its beer business are quickly becoming a reality. With its shares down by 25% in the last 12 months, investors seem to be passing on Tilray Brands (TLRY -3.63%) stock, and it's easy to see why. Despite years of expansion in its cannabis segment, it hasn't yet proven that it can actually make being a shareholder worthwhile. That may change soon, due to three new developments that support the bull thesis for the stock. While it's still a risky purchase, if it can move toward effici ...

Core Viewpoint - Tilray Brands is expanding its operations into the alcohol sector, which has positively impacted its growth and profitability, while also reducing reliance on the saturated Canadian cannabis market [1][2]. Group 1: Acquisitions and Growth Strategy - Tilray has a history of acquisitions as a key growth strategy, allowing it to increase sales without competing in a low-margin cannabis market [2][10]. - The company recently announced the acquisition of four craft breweries from Molson Coors, enhancing its beverage brand portfolio [4]. - Last year, Tilray acquired eight brands from Anheuser-Busch InBev, positioning itself as the fifth-largest craft brewer in the U.S. [5]. Group 2: Financial Performance - In the most recent quarter ending May 31, the beverage alcohol segment generated $76.7 million in sales, accounting for one-third of Tilray's total revenue, while cannabis revenue was $71.9 million [6]. - The company's net loss decreased significantly from $119.8 million a year ago to $15.4 million, largely attributed to the growth of its alcohol business [9]. Group 3: Future Outlook - Tilray is expected to pursue further acquisitions, with CEO Irwin Simon indicating that the recent deal will not be the last [7]. - The company aims to diversify its operations and reduce reliance on low-margin cannabis products, which could enhance its profitability [8].

Its latest big play in craft beer is likely to be the most financially beneficial. As a multinational alcohol and cannabis company, it's no surprise that Tilray Brands (TLRY 1.07%) has more than one iron in the fire. What might come as a surprise is that it has so many different irons in the fire that it can advance a handful of its plans at once without slowing down. But the question of whether these efforts make the stock worth investing in is a separate issue. After all, it's easier for a business to bur ...

The latest trading session saw Tilray Brands, Inc. (TLRY) ending at $1.89, denoting a +1.07% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.42%. On the other hand, the Dow registered a gain of 0.14%, and the technology-centric Nasdaq increased by 0.57%. Coming into today, shares of the company had lost 1.06% in the past month. In that same time, the Consumer Staples sector gained 3.59%, while the S&P 500 gained 1.77%. The upcoming earnings release of Til ...

Core Insights - Tilray Brands, Inc. has expanded its Solei cannabis product lineup with new infused sparkling beverages and a topical product aimed at wellness enthusiasts [1][2][6] - The new beverages include Blood Orange and Dark Cherry flavors, featuring a combination of THC, CBD, and CBG to cater to consumer preferences for lower THC options [3][4] - The Solei Deep Tissue Stick is designed for post-physical activity recovery, combining cannabinoids with plant extracts for enhanced relaxation [4][6] Product Launch Details - The new Solei infused sparkling beverages contain 5mg THC and 10mg CBG for Blood Orange, and 5mg THC and 10mg CBD for Dark Cherry, made with real fruit juice [3] - The Solei Deep Tissue Stick features a non-greasy formula with 500mg THC and 500mg CBD, designed for easy application and effective relief [4] Brand Positioning - Solei aims to establish itself as a leading cannabis wellness brand by offering thoughtfully designed products that cater to everyday well-being [2][6] - The brand's focus on innovation and consumer needs is evident in its product development strategy, which includes a variety of formats and cannabinoid profiles [6][8]

GAINESVILLE, Fla., Aug. 14, 2024 (GLOBE NEWSWIRE) -- The Shock Top Company, a subsidiary of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY) announces the first craft beer partnership with the Florida Athletic Department. Raise your glasses Gator fans because Shock Top, the king of zest, is officially stepping into the Swamp! As the proud and first craft beer sponsor of Gator Athletics, Shock Top will create an immersive fan experience at games and beyond with the Florida Gators' first officially licensed c ...