Tilray Brands Enhances Global Cannabis Supply Chain

Core Insights - Tilray Brands, Inc. has completed Phase I of its accelerated growth plan for its cannabis supply chain, which began with increased planting in late 2024 [1][2] - The company is set to plant its outdoor cultivation site in Cayuga in spring 2025 as part of Phase II of the growth plan [1] - Tilray's Canadian production facilities, Aphria One and Aphria Diamond, are fully planted and ready to meet the growing demand from both Canadian and international markets [1][2] Production Capacity - The new sites are projected to produce an additional 60 metric tonnes of cannabis annually, raising Tilray's total Canadian cannabis cultivation capacity to 210 metric tonnes per year [2] - The first sales from Phase I harvests are expected in the latter half of the fourth quarter, with Phase II harvests beginning in October 2025 [2] Global Operations - Tilray operates eight advanced cannabis cultivation and manufacturing facilities across Canada and Europe, including Aphria One and Aphria Diamond in Ontario, and facilities in British Columbia and Quebec [3] - The company's global cannabis cultivation capacity currently stands at approximately 247 metric tonnes, with potential for further expansion as demand increases [3] Market Positioning - As global demand for cannabis rises, Tilray is strategically positioned to succeed with its extensive cultivation capacity aimed at providing a reliable supply of premium cannabis products to over 20 legal cannabis markets worldwide [4] - The company's commitment to quality is demonstrated through its GMP certifications, quality control processes, and sustainable cultivation practices [4] Company Overview - Tilray Brands, Inc. is a leading global lifestyle and consumer packaged goods company with operations in multiple regions, including Canada, the United States, Europe, Australia, and Latin America [5] - The company supports over 40 brands in more than 20 countries, offering a range of products including cannabis, hemp-based foods, and craft beverages [5]