TILRAY BRANDS INC Stock Price, News & Analysis

MedMen Enterprises Inc. (CSE: MMEN, OTCQX: MMNFF) has appointed Ana Bowman as Chief Financial Officer, effective February 22, 2022. She succeeds interim CFO Reece Fulgham, who will return to consulting. Bowman has extensive cannabis industry experience, having served as Vice President of Financial Reporting at Tilray Brands (NASDAQ: TLRY). MedMen operates across several states in the U.S. and offers a variety of cannabis products through its retail stores and loyalty program.

Tilray Brands, Inc. (TLRY) has announced the successful sale of its medical cannabis products in Malta, marking a significant expansion for its medical cannabis division, Tilray Medical. With EU-GMP certification, these products are now accessible in pharmacies across the country, providing Maltese patients with reliable access to high-quality medical cannabis. Chief Strategy Officer Denise Faltischek highlighted the growing demand for cannabis in Europe and emphasized the company's role in partnering with trusted distributors. This milestone reinforces Tilray's commitment to delivering safe cannabis products globally.

Benzinga announces that Tilray Brands CEO Irwin Simon will keynote the upcoming Benzinga Cannabis Capital Conference on April 20-21, 2022 in Miami, Florida. This event aims to attract significant investment in the cannabis sector, highlighting opportunities for networking and capital raising. The conference features an enhanced expo floor, VIP areas, and improved 1:1 meeting systems, all designed to support high-profile attendees and exhibitors. Benzinga's Chief Zinger, Jason Raznick, expresses excitement about the record investment potential.

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.