Welcome to our dedicated page for TILRAY BRANDS news (Ticker: TLRY), a resource for investors and traders seeking the latest updates and insights on TILRAY BRANDS stock.
Tilray Brands Inc. (TLRY) maintains a dynamic presence in global cannabis markets through its medical research initiatives and consumer product innovations. This resource provides investors and industry observers with centralized access to verified corporate announcements, regulatory developments, and market analysis.
Users will find updates spanning earnings reports, international expansion efforts, and product portfolio enhancements, including developments in cannabis-infused wellness solutions. The curated selection enables stakeholders to track operational milestones across Tilray's pharmaceutical-grade production facilities and lifestyle brand divisions.
All content undergoes strict verification to ensure alignment with financial disclosure standards and industry regulations. Regular updates reflect Tilray's position as a GMP-certified producer serving medical markets in 20+ countries while expanding recreational offerings in emerging markets.
Bookmark this page for streamlined monitoring of Tilray's strategic initiatives, quality control advancements, and responses to evolving cannabis legislation worldwide.
Tilray Brands has announced a proposed charter amendment to enhance corporate governance by issuing 120,000 shares of Series A Preferred Stock. This stock is entitled to 1,000 votes per share but can only vote on the proposal to eliminate Class 1 Common Stock. This amendment aims to simplify the capital structure and safeguard shareholder rights. The annual meeting for stockholders to vote on this proposal is set for March 16, 2023. Approval faces challenges due to the nature of the stockholder base, despite strong initial support.
Breckenridge Distillery, based in Colorado and a subsidiary of Tilray (NASDAQ: TLRY), has won multiple awards at the 2023 World Whiskies Awards. The distillery earned recognition for Best American Blended Malt, Best American Blended Limited Release, and Best American Blended. Gold awards were given to Breckenridge Two Clans, Collectors Art Series’ XO Cognac Cask Finish, and Breckenridge 105 High Proof from over 1,300 submissions. Founder and CEO Bryan Nolt expressed gratitude for the recognition, highlighting future plans for new limited-edition malts and products.
Tilray announced on February 13, 2023, the expansion of its Good Supply cannabis brand portfolio across Canada, introducing new products such as Party Pack Pre-Rolls, Orange Frosting Flower, and Temple Ball Hash. These offerings include larger packs of pre-rolls and new strains of flower, catering to the daily cannabis user. The newly launched products are available in select regions, including Ontario, Alberta, and British Columbia. Good Supply continues to focus on educating consumers about their products with the Bud Squad campaign, enhancing brand visibility and customer engagement.
Breckenridge Distillery, a Tilray subsidiary, announces the launch of the third edition of Sexy Motor Oil, a limited-release whiskey aged in barrels from Breckenridge Brewery, coinciding with Valentine's Day. This 109.5 proof whiskey, known for its fruity and chocolatey flavors, is available at the distillery and Tasting Room in Breckenridge, Colorado. The distillery has a history of successful barrel exchange programs, enhancing flavor profiles. Breckenridge Distillery is recognized for its award-winning spirits, including Breckenridge Bourbon and Breckenridge Gin, and offers immersive guest experiences.
SweetWater Brewing Company, a subsidiary of Tilray Brands (NASDAQ: TLRY), has announced the launch of its new SweetWater Lager, a crisp, clean-bodied beer with an ABV of 4.5%. This lager features a 100% pilsner grain bill and is brewed with Crystal and Hallertau hops for a refreshing taste. Available on draft now and in 12-pack cans starting March 2023, the lager aims to cater to the growing demand for lighter beers. SweetWater is the 10th largest craft brewer in the U.S. and emphasizes its commitment to healthy waterways through conservation initiatives.
Alpine Beer, part of SweetWater Brewing Company, has launched Infinite Haze, a new Hazy IPA with 6.5% ABV, characterized by tropical fruit aromas and a unique hop blend of Motueka, Strata, and Citra. Available in California, it plans for national distribution in 2023. The beer is quickly gaining traction as Alpine's fastest-selling beverage in Southern California, complementing the year-round lineup alongside the unfiltered IPA, Nelson, and Duet. Consumers can find Infinite Haze in six-packs and variety packs at retailers like Albertsons and Total Wine as Alpine expands its reach into Florida.
Tilray Brands has launched two new product collections under its cannabis wellness brand Solei in Canada: Solei ‘Slims’ pre-rolls and CBN Softgels. The Solei ‘Slims’ come in two strains—‘Free’ with a 1:15 THC:CBD ratio, designed for an uplifting experience, and ‘Balance’ with a balanced THC:CBD ratio of 1:1, promoting calmness. The new Rest CBN Softgels feature a 2:1 CBD:CBN blend for a relaxing evening ritual. Both products are positioning Solei as a premium option in the cannabis wellness market.
Tilray reported financial results for Q2 ended November 30, 2022, highlighting a net revenue of $144.1 million, with a free cash flow of $25.4 million and operating cash flow of $29.2 million. The company maintained its leading market share in Canada at 8.3%. Despite facing industry challenges, Tilray achieved adjusted EBITDA of $11.7 million for the 15th consecutive quarter. Notably, Tilray completed the acquisition of Montauk Brewing Company, contributing to a 56% increase in beverage-alcohol sales to $21.4 million year-over-year.
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