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. operates as a global lifestyle and consumer packaged goods company spanning cannabis, craft beverages, hemp-based foods and wellness products. News about TLRY commonly covers product launches, brand refreshes and retail distribution across beverage and food subsidiaries such as BrewDog, 10 Barrel Brewing, SweetWater Brewing Company, Widmer Brothers Brewing and Manitoba Harvest.
Company updates also address Tilray Medical, international medical cannabis markets, Canadian adult-use and medical cannabis activity, quarterly operating results, acquisitions and capital actions. Recurring coverage links Tilray’s cannabis platform with its beverage and wellness portfolio across North America, Europe and other international markets.
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.
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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.
Tilray Brands, a global cannabis lifestyle company, will release its financial results for the second quarter ending November 30, 2022, on January 9, 2023. The earnings call will be held at 8:30 AM ET, accessible via the company's website and the Public.com investor app. Investors can submit questions through the Say Technologies platform until January 8, 2023. Tilray aims to be a trusted leader in cannabis consumer products, with a focus on innovation and a diverse portfolio of over 20 brands across multiple countries.
Tilray Brands (Nasdaq: TLRY) has launched a new limited edition premium craft flower series named RIFF, featuring two exclusive collections: Orbital Indica and Crossfade Sativa.
This series includes strains like Cherry Moon Pie, Purple Cotton Candy, Melonaide, and Juicy Fruit, each with high THC potencies and unique terpene profiles. Available only in select markets in Canada, these strains are produced with advanced techniques to ensure quality. Once sold out, they will not be restocked, emphasizing their exclusivity.
Tilray Brands has launched the Peppermint Phatty 510 vape cartridge, enhancing its Good Supply product line across Canada. This new 1g cartridge, featuring peppermint and vanilla flavors, claims to be the company's most potent vape yet. It aims to cater to cannabis enthusiasts looking for high-quality and innovative products. The launch comes during the holiday season, positioning the brand to attract more customers. Good Supply has established itself as a leading Canadian cannabis brand, known for its classic strains and popular product offerings.
Tilray Brands, a global cannabis company, announced the launch of the Take Back Control platform aimed at connecting women with free resources on medical cannabis. The initiative focuses on providing consultations with healthcare practitioners specializing in women’s health to help women make informed decisions regarding medical cannabis. Currently available in Canada, the platform simplifies access to healthcare professionals, allowing women to address their health needs. Tilray Medical is committed to enhancing patient dignity through reliable access to medical cannabis.
Tilray Brands has expanded its CANACA cannabis brand with the launch of three high-potency BHO-infused products: Shredded Weedies™, Crumble Cones™, and Indica 30. These products aim to enhance the cannabis experience for consumers in Canada. The #FeelTheBoost campaign promotes these new offerings, which include infused milled flower and pre-rolls, ensuring consistency and convenience. The products will be available in select regions and retailers across Canada, marking a strategic update in Tilray's product portfolio.