TILRAY BRANDS INC Stock Price, News & Analysis

Charlotte's Web Holdings and Tilray Brands have formed a strategic alliance to manufacture and distribute Charlotte's Web CBD products across Canada. This partnership enables the availability of full-spectrum CBD products nationwide, addressing specific wellness needs for Canadians, who previously accessed these products only through special medical exemptions. Expected product launches include oil tinctures, gummies, and topicals in early 2023. The collaboration aims to leverage Tilray's established infrastructure for distribution and enhance market access for Charlotte's Web's trusted hemp extract products.

Tilray Brands (Nasdaq: TLRY) expands its award-winning cannabis portfolio through its brand Good Supply. The new product release features high-potency strains, including Granddaddy Purps, Sour Diesel #2, and Frost Monster, with availability in 3.5g and 28g packages across Canada. Additionally, bestselling products like Monkey Butter and Sweet Berry Kush will be distributed coast to coast. Good Supply is recognized as a leading Canadian cannabis brand, catering to consumer preferences with an emphasis on quality and variety.

Breckenridge Distillery and Breckenridge Brewery have launched the second annual Buddy Pass, a limited edition whiskey and beer collaboration. This year, the Buddy Pass will be available in ten new markets starting October 24. The whiskey, with a proof of 114.7 and an MSRP of $49-$60, is crafted from Imperial Oatmeal Stout cask-aged bourbon, combining flavors of cinnamon, oak, and chocolate. The beer, a barrel-aged Imperial Oatmeal Stout, offers flavors of dark chocolate, espresso, and caramel. A $10 rebate is available when both products are purchased together in select markets.

Green Flash Brewing Company celebrates its 20th anniversary with a new WEST COAST IPA® lineup, featuring the classic beer alongside two new variants: Imperial West Coast IPA (8.9% ABV) and Hazy West Coast IPA (6.5% ABV). This year-round selection is now available in 12-ounce cans across the nation. The brand is also expanding its distribution into new states and plans to launch a WEST COAST IPA® Variety 24-pack by December. The refreshed branding emphasizes its San Diego roots and innovative craft beer offerings.

Tilray Brands reported net revenue of $153.2 million for the first fiscal quarter ended August 31, 2022. Adjusted EBITDA reached $13.5 million, marking the 14th consecutive quarter of positive results. The cannabis gross margin improved to 51%, up from 43% year-over-year. The company confirmed guidance for adjusted EBITDA between $70-$80 million and aims to achieve $130 million in cost savings. Tilray maintains the #1 cannabis market share in Canada and Germany, demonstrating strong performance amid macroeconomic challenges.

Tilray Brands has successfully relaunched its EU GMP-produced medical cannabis oral solution in Ireland under the Medical Cannabis Access Program (MCAP). The product now has reimbursement approval, enhancing accessibility for patients. This strategic move allows patients in Ireland to access Tilray’s full-spectrum medical cannabis oil solution. Tilray Medical, which operates in 22 countries, aims to expand its product offerings in accordance with local regulations. The company is committed to providing high-quality medical cannabis products, supporting patient health and well-being.

SweetWater Brewing Company, a subsidiary of Tilray Brands (NASDAQ: TLRY), announced the launch of its fall craft beer lineup, featuring the new H.A.Z.Y. Double IPA and the return of the Mosaic Single Hop Hazy IPA. The H.A.Z.Y. Double IPA (8.5% ABV) is characterized by tropical flavors and a smooth body, while the Mosaic IPA (6.2% ABV) offers complex citrus notes. Both beers will be available starting October 3 across select U.S. markets. This release coincides with SweetWater's 25th anniversary and includes a commitment to conservation initiatives, promoting clean water as part of its mission.

Tilray Brands, Inc. (Nasdaq: TLRY) announced it will release its financial results for Q1 fiscal 2023, ending August 31, 2022, on October 7, 2022, at 8:30 AM Eastern Time. A live audio webcast will discuss these results, accessible via the company's website. Investors can submit questions for the executive team until October 6, 2022, through the shareholder Q&A platform, Say Technologies. Tilray operates globally in the cannabis and consumer packaged goods sectors, committed to enhancing consumer well-being through its diverse product portfolio.