ATHENS, Ga., April 24, 2025 (GLOBE NEWSWIRE) -- Terrapin Beer, a leading craft brewery known for its innovative and high-quality beers and a Tilray Brands, Inc., craft beer brand (NASDAQ:TLRY, TSX:TLRY), is thrilled to partner with Orvis, the renowned outdoor retailer and fly-fishing expert. The two companies initially kicked off this partnership in 2024 as part of Terrapin's Terraprint initiative, which has objectives to minimize the brewery's impact on the environment and maximize its impact in the commun ...

Core Insights - Breckenridge Distillery has launched a new whiskey, Breckenridge Cognac Cask Finish, expanding its line of cask finish whiskeys with plans for national distribution [1][4] - The whiskey is a blend of Breckenridge Bourbon aged in Cognac barrels for over two years, featuring a unique flavor profile [2][3] - Breckenridge Distillery has received multiple prestigious awards for its products, highlighting its commitment to quality and innovation [4][7] Company Overview - Breckenridge Distillery, founded in 2008, is recognized as the "World's Highest Distillery" and is known for its award-winning blended bourbon whiskey [6] - The distillery is a subsidiary of Tilray Brands, Inc., a global leader in cannabis-lifestyle and consumer packaged goods [9] Product Details - Breckenridge Cognac Cask Finish Whiskey is bottled at 96 proof and retails for $59.99 [3] - The whiskey has tasting notes of sweet red apple, brandied fruit, caramel, and bourbon rye spice [3] Awards and Recognition - The limited-edition Cognac Cask Finish won Gold at the World Whiskies Awards and Double Gold at the 2023 San Francisco World Spirits Competition [4] - Breckenridge Distillery has been recognized multiple times at various competitions, including being named World's Best Finished Bourbon in 2024 [7] Visitor Experience - The distillery offers an immersive guest experience, including dining, cocktail enjoyment, and whiskey blending opportunities [8]

NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Tilray Beverages, the U.S. beverage division of Tilray Brands, Inc. (NASDAQ:TLRY, TSX:TLRY) announces the introduction of Cruisies, a new line of refreshing, ready-to-drink cocktails designed to enhance summer vibes. Cruisies' initial product lineup includes: Blood Orange Vodka Soda: The vibrant zest of blood orange is expertly blended with smooth vodka to create a refreshing beverage suitable for any occasion.Golf Tea: The perfect blend of smooth vodka, refresh ...

Tilray Medical Expands Offerings with Good Supply Brand Medical Cannabis Pastilles for Australian PatientsSYDNEY, April 17, 2025 (GLOBE NEWSWIRE) -- Tilray Medical (“Tilray”), a division of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY), a global company in medicinal cannabis, empowering the therapeutic alliance between patients and healthcare practitioners to make informed individualized health decisions, has announced the availability of its medical cannabis edibles, Good Supply Pastilles, to patients i ...

Core Viewpoint - Tilray Brands, Inc. is planning a reverse stock split to align its share price with industry standards and comply with Nasdaq listing requirements, aiming to stabilize trading levels and attract institutional investors [2][3]. Financial Structure - As of February 28, 2025, Tilray has reduced its total debt by approximately $76 million, resulting in a net debt to trailing twelve-months Adjusted EBITDA ratio of less than 1.0x [4]. - The company holds over $248 million in cash and marketable securities, providing financial strength and flexibility for strategic opportunities and acquisitions [4]. Special Meeting Details - A special meeting of stockholders is scheduled for June 10, 2025, to vote on the proposed reverse stock split, which will be conducted via live audio webcast [1][2]. - The exact ratio for the reverse stock split will be determined by the Board of Directors, ranging from 1-to-10 to 1-to-20 [2]. Cost Savings - The reverse stock split is expected to decrease the company's cost structure by over $1 million annually and reduce expenditures related to the Annual Meeting of Stockholders [3]. Company Overview - Tilray Brands operates globally in the lifestyle and consumer packaged goods sectors, focusing on cannabis, beverages, and wellness, with a mission to inspire joy through innovative products [6]. - The company supports over 40 brands across more than 20 countries, including cannabis offerings, hemp-based foods, and craft beverages [6].

Core Insights - Tilray Beverages has achieved a significant milestone by ranking 4 on the Brewers Association 2024 annual report of top 50 craft brewing companies in the U.S., up from 5, indicating continued growth in the craft brewing industry [1][2] - The company is also ranked 12 among the top 50 overall brewing companies in the U.S., showcasing its strong market presence [1] Company Overview - Tilray Brands, Inc. is a leading global lifestyle and consumer packaged goods company with operations in multiple regions including Canada, the U.S., Europe, Australia, and Latin America, focusing on cannabis, beverage, wellness, and entertainment [3] - The company's mission is to be a leading premium lifestyle company with a diverse portfolio of brands and innovative products aimed at creating memorable experiences [3] Product Portfolio - Tilray's U.S. Beer brands include a variety of craft brands such as SweetWater Brewing Company, Montauk Brewing Company, and Shock Top, which have been crucial in establishing the company's leadership in the craft brewing sector [2]

Core Insights - 10 Barrel Brewing, a subsidiary of Tilray Brands, has launched a new 5% IPA named Camp Coldie, developed in collaboration with Scout Campers, emphasizing outdoor and camping experiences [1][2][3] Company Overview - Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company involved in the beverage, cannabis, and wellness industries, operating in multiple regions including North America and Europe [5][6] - 10 Barrel Brewing Company is a craft brewery based in Bend, Oregon, known for its innovative beers and a focus on fun and outdoor experiences [7] - Scout Campers is recognized as a leading innovator in the truck camper industry, specializing in ultra-lightweight campers designed for adventurous travelers [8] Product Details - Camp Coldie is characterized as a medium-bodied IPA with tropical notes of citrus, mango, and grapefruit, designed to be refreshing and easy to drink without overwhelming the consumer [2][3] - The beer is positioned as a perfect companion for outdoor activities, aligning with 10 Barrel's mantra of "Drink Beer Outside" [2][3] Marketing and Promotion - To celebrate the launch of Camp Coldie, Scout Campers is hosting a giveaway of $25,000 towards a Scout Camper, along with a prize pack from 10 Barrel Brewing [4]

Group 1 - Tilray (NASDAQ: TLRY) has been one of the worst performing stocks in the market, with shares declining over 92% in the past five years due to stagnant revenue growth [1] - The company operates in the Canadian cannabis and beverage sector, which has faced significant challenges impacting its stock performance [1] Group 2 - The article does not provide any specific financial metrics or future projections for Tilray, focusing instead on its historical performance [1] - There are no mentions of any recent developments or strategic initiatives that could potentially influence Tilray's market position [1]

Core Insights - Tilray Brands, Inc. (NASDAQ: TLRY) reported Q3 2025 earnings showing declining revenues and increasing losses, resulting in a 21% drop in stock price and reaching an all-time low [1] Financial Performance - The company's earnings were disappointing, indicating a significant downturn in financial health [1]

Financial Data and Key Metrics Changes - In Q3 2025, the company generated net revenue of $186 million, or $193 million on a constant currency basis, reflecting a 2% increase compared to the previous year [20][64] - Gross profit increased by 5% to $52 million, with gross margin rising by 200 basis points to 28% compared to the prior year [23][68] - The company reported a net loss of $793.5 million, primarily due to a $700 million non-cash impairment related to macroeconomic conditions [69][70] Business Line Data and Key Metrics Changes - The beverage segment generated $55.9 million in net revenue, with a gross margin increase to 36% compared to 34% in the prior year [50][68] - Cannabis net revenue was $54.3 million, with a gross margin of 41%, the highest in almost two years, driven by strategic decisions to focus on higher-margin products [30][80] - Wellness segment revenue grew by 8% on a constant currency basis to $14.1 million, with gross margin increasing to 32% [47][81] Market Data and Key Metrics Changes - The company operates the largest legal cannabis business in Canada by revenue and leads the medical cannabis business in Europe [25] - In Germany, medical cannabis sales grew significantly, with flower sales increasing by 79% post-legalization [35] - The company holds nearly 60% market share in the U.S. hemp high-protein food sector and 80% in Canada [25] Company Strategy and Development Direction - The company is focused on building a sustainable global business platform, emphasizing profitable sales growth and improving profit margins [19][28] - Strategic initiatives include SKU rationalization, geographic consolidation, and enhancing operational efficiencies [51][75] - The company aims to capture opportunities in international markets, particularly in Europe, leveraging its established infrastructure [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the beverage and cannabis markets despite current challenges [25][74] - The company is optimistic about the potential for growth in the hemp-derived THC beverage segment, targeting multimillion-dollar revenue [98] - Management highlighted the importance of focusing on profitability over sheer sales growth, indicating a strategic shift in operations [20][22] Other Important Information - The company has made seven acquisitions since 2020 in the beverage sector and is focused on integrating these brands [17][18] - The company plans to accept cryptocurrency as a payment method in its online operations [27] - Cash and marketable securities totaled $248.4 million, up from $225.9 million in the prior year [82] Q&A Session Summary Question: Allocation of cannabis product and share loss in Canada - Management acknowledged the importance of profitability and indicated that while share loss in Canada may occur, the focus remains on overall business growth and margin improvement [89][92] Question: Hemp-derived beverages and marketing initiatives - Management confirmed that hemp-derived beverages are currently sold in 1,000 stores across ten states, with multiple marketing programs in place to drive consumer education and sales [94][98] Question: Cannabis gross margins and building blocks for margin expansion - Management indicated that the majority of the margin expansion was due to a favorable product mix and strategic decisions to focus on higher-margin products [106][110] Question: Beverage sales and craft beer brand performance - Management acknowledged that while some craft beer brands are experiencing declines, the focus is on SKU rationalization and regional marketing strategies to improve performance [112][116] Question: International market changes and telemedicine impact - Management noted that changes in telemedicine regulations in Poland have affected prescription volumes, but they remain optimistic about the market's recovery [128]