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Tilray Brands Marks Seven Years of Cannabis Legalization in Canada with the #1 Market-Leading Position by Revenue and Pioneering Brands with Growing Market Share in the World’s Largest Federally Legal Cannabis Market
Globenewswire· 2025-10-17 11:00
Core Insights - Tilray Brands, Inc. celebrates the seventh anniversary of cannabis legalization in Canada, highlighting the country's role as the largest federally legal cannabis market globally and its progressive regulatory framework that fosters innovation and economic opportunities [1][2] Company Overview - Tilray is a global lifestyle and consumer packaged goods company operating in the cannabis, beverage, and wellness industries, with a mission to be a leading premium lifestyle company [8] - The company has invested over C$1 billion in Canadian infrastructure and paid approximately C$700 million in excise taxes, contributing significantly to the economy [2] Market Position - Tilray is recognized as Canada's largest legal cannabis company by revenue, leading in various product categories including pre-rolls, beverages, oils, and chocolate edibles [4] - The company holds over 40% market share in THC beverages through its XMG and Mollo brands, and its edibles brand, Chowie Wowie, is noted for its quality [5] Innovation and Product Development - Tilray operates 15 leading cannabis brands in Canada, with several valued between C$100 million and C$300 million at retail, and is known for pioneering new product innovations [3] - The company has adopted advanced agronomic techniques for greenhouse cannabis cultivation, maintaining one of the industry's lowest cost structures while producing high-quality products [3] Future Growth Opportunities - The company aims to expand cannabis in healthcare and promote on-premise consumption of THC beverages, which could drive future growth [6] - Tilray's infrastructure includes 5 million square feet of advanced cultivation facilities and a production capacity of 210 metric tons, positioning it well to respond to rising demand [7]