TILRAY BRANDS INC Stock Price, News & Analysis

Tilray Brands (Nasdaq: TLRY) has expanded its presence in Europe through a new partnership with Cansativa Group, enhancing the distribution of EU-GMP certified medical cannabis in the Czech Republic. This strategic alliance aims to improve the access of medicinal cannabis products for patients in pharmacies and hospitals. Denise Faltischek, Chief Strategy Officer, expressed pride in this initiative, highlighting their commitment to patient advocacy and quality products. Tilray Medical, a leading global provider of medical cannabis, operates in over 20 countries, ensuring safe access to a diverse portfolio of cannabis brands. This development marks a significant step in advancing Tilray’s mission to support medical cannabis patients worldwide.

SweetWater Brewing Company, the 10th largest craft brewer in the U.S., announces that its family of brands, which includes Green Flash and Alpine Beer, is now available in Nevada. This expansion increases distribution to over 50,000 points across 44 states. Key retailers now offering the beers include Costco, Walmart, and Whole Foods Market. Ty Gilmore, President, U.S. Beer at Tilray Brands, emphasizes the potential of the Nevada market in their strategic expansion. SweetWater’s portfolio includes popular offerings like 420 Extra Pale Ale and West Coast IPA. SweetWater, founded 26 years ago, is committed to conservation efforts through its Save Our Water campaign, supporting organizations focused on clean water initiatives.

Manitoba Harvest, a subsidiary of Tilray Brands (TLRY), has unveiled its first Regenerative Organic Certified™ Hemp Hearts at select Whole Foods Market locations starting April 2023. This product launch comes as consumer interest in hemp-based foods surges, with hemp ingredient products growing 1.5 times faster than chia and flax alternatives. Each serving of Hemp Hearts offers 10g of protein and 12g of omega fatty acids. Committed to sustainability, Manitoba Harvest collaborates with farmers to support soil health and biodiversity. The company holds both Certified B Corporation and Carbonzero Certification, underlining its dedication to environmental stewardship.

Alpine Beer, a renowned craft brand from SweetWater Brewing Company, opens a new taproom at Petco Park in San Diego, enhancing the fan experience during the baseball season. Located in section 311, the taproom offers a selection of popular brews, including Nelson IPA and Infinite Haze Hazy IPA, alongside local cuisine from Grand Ole BBQ. Fans can also enjoy an outdoor bar with breathtaking views of the San Diego Bay. The taproom will participate in Petco Beerfest events throughout the season, with special beer offerings and live music. This opening signifies Alpine Beer’s commitment to connecting with the local community and elevating the beverage experience at the ballpark.

Breckenridge Distillery has launched the first-ever National Après Day in the U.S. on March 31, promoting the après ski culture and encouraging people to share their après moments with the new #AprèsAnywhere campaign. This initiative invites individuals to post photos on Instagram for a chance to win a monthly swag bag from the distillery. The campaign aims to celebrate accomplishments in both skiing and general life, utilizing the distillery's award-winning spirits as inspiration. Breckenridge Distillery, a subsidiary of Tilray Brands (TLRY), is known for its highly awarded bourbon whiskey.

Tilray Brands, Inc. (Nasdaq: TLRY) announced it will release its third-quarter financial results for the period ending February 28, 2023, on April 10, 2023, after market close. A live audio webcast discussing these results will be held at 5:00 PM ET, accessible via Tilray's website. Stockholders can submit questions for the Q&A session until April 7, 2023, through the Say Technologies platform. Tilray operates globally in the cannabis and consumer packaged goods sectors, focusing on providing high-quality, differentiated products to enhance well-being.

Tilray Brands (NASDAQ | TSX: TLRY) has announced the expansion of Montauk Brewing Company across the northeast, marking its availability in over 3,500 retail locations in New York, New Jersey, Connecticut, and Rhode Island. Montauk Brewing, recognized as the #1 craft brewer in Metro New York, aims to grow its brand nationally. The company has introduced new products like 19.2oz cans and the Ocean Series. Some of its best-selling beers include Wave Chaser IPA and Summer Ale. This strategic move is part of Tilray's plan to diversify its portfolio and enhance consumer accessibility.

Tilray Brands, Inc. (NASDAQ | TSX: TLRY) announced that stockholders approved a Charter Amendment to cancel authorized but unissued Class 1 Common Stock and re-allocate these shares to Class 2 Common Stock, which will be designated as Common Stock. CEO Irwin D. Simon expressed gratitude for the stockholders' support and emphasized Tilray's strategic growth plan, highlighting its leading market position in Canada and Germany, along with a diverse portfolio in the U.S. CPG and craft beverage sectors. The company aims to continue pursuing growth opportunities both organically and through strategic acquisitions.