Tilray's Strategic Acquisition Will Strengthen its Craft Beer Leadership in the U.S. and Solidify Tilray Beverages as the #1 Craft Brewer in the Pacific Northwest and #1 in Georgia; Anchors Tilray in Key Markets, Texas and Michigan Tilray's Beverage Division Projected to Grow New Beer Accounts by 30% NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. ("Tilray", "our", "we" or the "Company") (Nasdaq: TLRY; TSX: TLRY), a global lifestyle consumer packaged goods company elevating lives through mom ...

Core Insights - The legalization of recreational cannabis in Germany is seen as a positive development for the marijuana industry, particularly for companies like Tilray Brands, which has established a presence in the German market [1][2][4] - Tilray has received a new cultivation and distribution license in Germany, enhancing its ability to grow and sell medical cannabis in the country [2][5] - Despite challenges in the Canadian market, Tilray is focusing on international growth opportunities, with Germany being a key market due to its regulated medical cannabis system [3][4][9] Company Developments - Tilray's German subsidiary, Aphria RX, was awarded the first new cannabis growing license under Germany's expanded medical cannabis regulations [5] - The company reported a 22% year-over-year increase in net revenue from international sales, reaching over $53 million, which constitutes 14% of its total cannabis revenue [9] - The new licensing in Germany is not expected to be a game changer immediately, but it is a significant aspect for investors to monitor as the market develops [10][11] Industry Context - Germany's Cannabis Act allows for limited recreational use but does not establish a retail market, which poses challenges for companies seeking to sell directly to consumers [6][7] - The potential for a larger European market is highlighted, with estimates suggesting it could grow to a $45 billion market for medical cannabis [8] - The current state of the cannabis market in Canada remains challenging, with many companies, including Tilray, facing ongoing losses [3][10]

The company achieved some impressive growth last quarter while also shrinking its losses. Posting true, unadjusted accounting profits in the cannabis industry is no small feat. That's especially true in Canada, where competition is fierce due to a growing number of competitors. One Canadian-based cannabis company that has been showing significant progress in strengthening its financials is Tilray Brands (TLRY 5.71%). While the company has often posted positive adjusted earnings numbers, it finally looks lik ...

FORT COLLINS, Colo., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Breckenridge Brewery, a Colorado-based craft brewer with over 30 years of experience brewing approachable, well-balanced beers, announces the opening of its new brewery location in Fort Collins. With doors opening in early August 2024, the new 10,000- square-foot Breckenridge Brewery offers a full restaurant experience and a new vibrant atmosphere in the heart of Fort Collins for all to enjoy. The new location will be a full-service restaurant, upholdin ...

FORT COLLINS, Colo., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Breckenridge Brewery, a Colorado-based craft brewer with over 30 years of experience brewing approachable, well-balanced beers, announces the opening of its new brewery location in Fort Collins. With doors opening in early August 2024, the new 10,000- square-foot Breckenridge Brewery offers a full restaurant experience and a new vibrant atmosphere in the heart of Fort Collins for all to enjoy. The new location will be a full-service restaurant, upholdin ...

skynesher/iStock via Getty Images Tilray Brands (NASDAQ:TLRY) constantly reports quarterly earnings where the Canadian cannabis provider appears to be reporting strong growth, but most of the growth isn't organic. In addition, the company has now moved substantially away from the cannabis business, limiting the ability to benefit from the growing market opportunity. My investment thesis remains Bearish on the stock due to the constant inability to manage a far-flung business. Tilray Q4 Results - More Of The ...

Tilray Brands, Inc. (NASDAQ:TLRY) Q4 2024 Earnings Conference Call July 29, 2024 4:30 PM ET Company Participants Robert Moskow - TD Cowen Andrew Carter - Stifel Aaron Grey - Alliance Global Partners Owen Bennett - Jefferies Frederico Gomes - ATB Capital Markets Conference Call Participants Berrin Noorata - Chief Corporate Affairs and Communications Officer Irwin Simon - Chairman and CEO Carl Merton - CFO Denise Faltischek - Chief Strategy Officer and Head of International Operator Hello, and thank you for j ...

Tilray Brands, Inc. (TLRY) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced break-even earnings, delivering a surprise of 100%. Over the last four quarters, the company ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-38594 TILRAY BRANDS, INC. (Exact name of Registrant as specified in its Charter) Delaware 82-4310622 (State or other jurisdiction of incor ...

Fiscal 2024 Net Revenue Reaches $789 Million, Led by Cannabis Net Revenue of $273 Million and Beverage-Alcohol Net Revenue of $202 Million Tilray Brands, Inc. ("Tilray") (Nasdaq: TLRY; TSX: TLRY), is a leading global lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment, elevating lives through moments of connection. Tilray's mis ...