TILRAY BRANDS INC Stock Price, News & Analysis

Breckenridge Distillery, owned by Tilray Brands (NASDAQ: TLRY), announced the Valentine's Day release of its limited-edition beer-barrel whiskey, 'Super' Sexy Motor Oil. This series two release combines bourbon whiskey aged in beer barrels with coffee and coconut flavors. Following the success of the first series, which sold out quickly, this limited variant will be available exclusively at their locations on February 14 at 11 a.m. The production highlights a unique aging process that enhances its flavor profile, emphasizing Breckenridge's expertise in crafting award-winning spirits.

SweetWater Brewing Company, a subsidiary of Tilray Brands (NASDAQ: TLRY), has announced a significant expansion into California in partnership with Reyes Beer Division, the largest beer distributor in the U.S. This move ties into SweetWater's 25th anniversary and marks California as the largest state in their portfolio. The brewery plans to leverage its West Coast roots while offering a diverse lineup of craft beers. The expansion highlights SweetWater's growth trajectory, following the recent acquisition of Alpine Beer Company and Green Flash Brewing Company.

Tilray Brands has launched Tilray Medical, a comprehensive global medical cannabis platform unifying its brands, including Aphria. This initiative aims to enhance access to high-quality medical products globally, especially in Canada. The new division will provide a range of cannabis products such as flower, oils, vapes, edibles, and topicals after securing local regulatory approvals. Tilray Medical positions itself as a leader in cannabinoid-based medicine, emphasizing research-backed solutions for patients worldwide.

Tilray has launched a new line of GMP-certified 15g medical cannabis whole flower products in Australia, approved under the TGA’s Special Access Scheme. This includes varieties with THC levels up to 25%. Additionally, Tilray introduces an online medical cannabis education platform for healthcare professionals in Australia and New Zealand. The company aims to enhance patient access to pharmaceutical-grade cannabis and foster healthcare education. Partners include research institutions for ongoing clinical trials, focusing on cannabis treatment effectiveness.

Manitoba Harvest, a subsidiary of Tilray Brands, emphasizes the health benefits of its Hemp Hearts in a recent announcement aimed at enhancing wellness for 2022. These seeds provide 10g of plant protein, 12g of Omega 3 & 6, and all nine essential amino acids, making them versatile for various diets including vegan, keto, and gluten-free. The company promotes creative culinary uses while highlighting their commitment to sustainability and quality, supported by their extensive product range sold in 17,000 retail stores across the U.S. and Canada.

Tilray Brands reported a solid 20% revenue increase to $155 million for Q2 fiscal 2022, driven by growth in cannabis and beverage alcohol segments. The company achieved a net income of $6 million, significantly improving from a loss of $89 million the previous year. Positive Adjusted EBITDA of $13.8 million marks the 11th consecutive quarter of profitability. Tilray maintains its leadership in Canada’s cannabis market, with ~20% share in Germany. The firm is on track to exceed synergy targets, expecting to achieve $80 million ahead of schedule.

Tilray (NASDAQ: TLRY) will report its second-quarter fiscal 2022 financial results on January 10, 2022, before market open. A conference call is scheduled for the same day at 8:30 am ET to discuss the results. Shareholders can submit questions via the Say Technologies platform prior to the call. Additionally, CEO Irwin D. Simon and CFO Carl Merton will participate in a fireside chat at the 24th Annual ICR Conference at 1:30 pm ET on the same day. The live audio webcast can be accessed on Tilray’s Investor Relations website.

Tilray announced the acquisition of Breckenridge Distillery, a leading producer of distilled spirits known for its award-winning bourbon. This strategic move aims to expand Tilray's U.S. market offerings in the spirits category and leverage Breckenridge's strong brand and distribution network. The acquisition is expected to be immediately accretive to EBITDA, contributing adjusted EBITDA margins of about 25%. This aligns with Tilray’s goal to achieve $4 billion in revenue by 2024 through diversified consumer packaged goods (CPG) brands.

78% of People Surveyed Want More Holistic Health Support This Season

Manitoba Harvest, a leading hemp food manufacturer and subsidiary of Tilray, released a health hack for the holidays, promoting Organic Hemp Hearts. In a recent survey, 78% of respondents indicated they want to make holiday baked goods healthier. Each serving of Hemp Hearts provides 10g of protein, 12g of Omegas 3 & 6, and all 9 essential amino acids. Manitoba Harvest emphasizes the nutritional value of these hemp seeds in various diets and their commitment to quality, being a Certified B Corporation since 2014.