TILRAY BRANDS INC Stock Price, News & Analysis

Tilray Brands (NYSE: TLRY) has launched a new sativa strain called 'Purple Churro' under its Redecan cannabis line. This strain, a cross between Cinnamon Horchata and Apples & Bananas, offers sweet vanilla and cinnamon notes with dominant terpenes like limonene, nerolidol, and caryophyllene. Purple Churro is available in 3.5g and 14g formats in Ontario and Alberta, with expansions planned for Manitoba and British Columbia. The strain features high THC levels, adding to Redecan's collection of high-quality flowers. Redecan will showcase 'Purple Churro' at the 5th annual ‘BUD BASH’ in Toronto. This launch aims to enhance summer festivities and cater to both casual consumers and connoisseurs.

Breckenridge Brewery, a subsidiary of Tilray Brands (NASDAQ: TLRY), along with 97.3 KBCO, has announced the 'On Tap with KBCO' concert series featuring Gary Clark Jr., John Vincent III, and Eddie 9V. Scheduled for August 10, 2024, at the Breckenridge Brewery in Littleton, Colorado, the charity concert benefits Project C.U.R.E., a non-profit providing medical supplies globally. Tickets are available through a lottery system, open from June 3 to June 10, 2024. Lottery entrants will be notified of their ticket status via email on June 10, 2024.

Tilray Brands has announced the launch of Good Supply's 'Twisted' All-In-One vapes, featuring 1.2g of cannabis distillate with 1,000mg THC. These rechargeable devices offer three tropical flavor combinations: Purple Monkey & Frozen Watermelon, Orange Swirl & Strawberry Freeze, and Mango Passionfruit & Guava Sunrise. Users can enjoy single flavors or combine them for unique mixes. The rechargeable battery ensures long-lasting use, and the company highlights its eco-friendly packaging, diverting over 131,000kg of plastic annually. The product will be available across Canada starting this summer.

Tilray Brands announced the launch of its Solei Warming Deep Tissue Stick, a new cannabis-infused topical solution catering to active lifestyle enthusiasts. Featuring a balanced blend of 300mg THC and 300mg CBD, the stick combines shea butter, coconut, and jojoba oil for smooth application and non-greasy residue. The product provides a dual-action experience of warming and cooling sensations, enhanced with a refreshing minty scent. Available in Ontario and select retailers starting next month, Tilray plans to release a higher potency version later this summer.

Tilray Brands announced an at-the-market (ATM) equity program, allowing it to offer and sell up to $250 million in common stock. The sales will be conducted by TD Securities and Jefferies under an equity distribution agreement. The funds raised will be used for strategic acquisitions and investments, particularly in the U.S. and internationally, to capitalize on regulatory advancements. The timing and amount of sales will depend on market conditions. A registration statement and prospectus supplement have been filed with the SEC, making the offering effective immediately.

SweetWater Brewing Company, a subsidiary of Tilray Brands (NASDAQ: TLRY), announced the launch of its new Sunset Sippin’ Cocktail Inspired Hard Seltzers on May 16, 2024. Available throughout the Southeast and select national markets, the new hard seltzers come in four flavors: Wild Berry Punch, Sweet Tea Lemonade, Mango Sunrise, and Strawberry Peach Smash, each containing 6% alcohol-by-volume. This launch aims to expand SweetWater's product offerings into the fast-growing beyond-beer category, aligning with summer activities and consumer preferences for flavorful, easy-drinking beverages. The variety packs of 12 twelve-ounce cans are designed for outdoor and social occasions.

Breckenridge Brewery, a subsidiary of Tilray Brands (NASDAQ: TLRY, TSX: TLRY), in collaboration with 97.3 KBCO, announces the On Tap with KBCO concert series. The event will feature live music from Cannons, The Moss, and Dehd at Breckenridge Brewery in Littleton, CO, on September 7, 2024. Ticket proceeds will benefit Project C.U.R.E., a non-profit that provides medical supplies globally. Tickets are available through a lottery system from May 13 to May 20, with results announced on May 20. Gates open at 12:30 pm, and the show starts at 1:30 pm.

10 Barrel Brewing Co., a subsidiary of Tilray Brands, introduces Pub Cerveza, a Mexican Style Lager, expanding their 'Cheap Fun.' series. Available in 12-packs across Oregon, Washington, and Idaho, Pub Cerveza aims to enhance Cinco De Mayo and summer celebrations with its refreshing taste.

Tilray Brands, Inc. introduces XMG Zero and XMG+ cannabis-infused beverages in Canada, offering a wide range of flavors and cannabinoid options. XMG dominates the cannabis beverage market with innovative products under its sub-brands, reshaping the industry with quality and variety.