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.
High Tide has completed its acquisition of an 80% interest in NuLeaf Naturals for US$31.24 million, marking its largest acquisition to date. This strategic move is expected to increase High Tide's annual run-rate international revenue from approximately CAD$10.6 million in 2020 to CAD$80 million. NuLeaf, a leader in cannabinoid wellness products, achieved significant revenue and EBITDA margins, generating US$19.4 million in revenue and US$5.26 million in adjusted EBITDA in the past year. High Tide aims to leverage NuLeaf’s capabilities for THC-infused products.
Tilray, a global leader in cannabis, is advancing a growth strategy with a focus on EU, Canada, and U.S. markets. In fiscal 2021, it reported $513 million in revenue, a 27% increase, and positive Adjusted EBITDA. CEO Irwin D. Simon aims for $4 billion in revenue by fiscal 2024, driven by a strong EU presence and brand leadership in Canada. The company forecasts $1 billion from the EU and maintains a 30% market share target in Canada. Recent developments in Germany's legalization efforts position Tilray for significant growth opportunities in recreational cannabis.
High Tide Inc. has announced a definitive agreement to acquire 80% of NuLeaf Naturals for US$31.24 Million, enhancing its CBD market presence. This acquisition will boost High Tide's U.S. revenue run rate by approximately C$70 Million, leading to a pro forma annual revenue run rate of C$80 Million outside Canada. NuLeaf's revenue for the past year was US$19.4 Million, with a gross margin of 71%. The acquisition aims to leverage manufacturing synergies and expand product offerings across various platforms.
Tilray invites stockholders to its Annual Meeting on November 22, 2021, at 11:00 a.m. EST, to be held virtually due to the ongoing COVID-19 pandemic. The record date for eligible stockholders was September 24, 2021. All shareholders are encouraged to vote and submit proxies if they have not done so. For those attending, a control number is required to join and participate in discussions and voting during the meeting. Tilray, operational in over 20 countries, is a leading cannabis and consumer goods company dedicated to enhancing the well-being of its consumers.
Tilray, a leader in cannabis research and production, has announced its participation in two significant investor conferences organized by Jefferies. The events are scheduled for:
- November 16, 2021, at the Jefferies Virtual West Coast Consumer Conference, starting at 2:00 PM ET.
- November 17, 2021, at the Jefferies London Healthcare Conference, beginning at 11:20 AM ET.
Investors can find more details in the Investors section of Tilray's website.
Tilray has launched SweetWater RIFF, an exclusive ready-to-drink cocktail in a can, marking SweetWater's entry into the spirits category. The new product features two flavors: SweetWater RIFF Citrus and SweetWater RIFF Strawberry Mule, both crafted with vodka and real fruit juices. Each drink contains only 105 calories and is being rolled out in select U.S. grocery and liquor stores. This collaboration showcases the innovative spirit of both SweetWater and RIFF, aiming to provide a premium alternative to traditional cocktails.
Tilray, a leader in medical cannabis, has been designated as a trusted supplier of GMP-certified cannabis to the Luxembourg Ministry of Health. This selection allows Tilray to offer various pharmaceutical-grade products in Luxembourg, enhancing patient access under physician supervision. CEO Irwin D. Simon highlighted a potential $1 billion growth opportunity in the European market. With this announcement, Tilray now provides medical cannabis in 20 countries globally, underscoring its commitment to high-quality standards and expanding its global footprint.
Tilray, a leading global cannabis-lifestyle company, has entered a national brokerage agreement with Great North Distributors, enhancing its market presence in Canada. Great North will exclusively manage Tilray's adult-use cannabis products, excluding Quebec. This partnership aims to boost sales across Canada by leveraging Great North's established retail relationships and data analytics capabilities. CEO Irwin D. Simon stated that this agreement will improve route-to-market efficiencies and drive growth, capitalizing on Great North's coast-to-coast coverage and expertise.
High Tide Inc. has transitioned all Canna Cabana retail cannabis stores to a discount club model, enhancing its presence in the value segment and claiming the title of North America's largest cannabis discount retailer. The Cabana Club loyalty program offers exclusive low prices and benefits to over 245,000 members. This strategy aims to capture market share from the illicit cannabis sector, which accounts for 40% of sales, and reflects a successful pilot program that showed significant sales increases. High Tide plans to expand this model across Canada and potentially globally, leveraging its in-house brands.
Tilray, Inc. announces the appointment of Blair MacNeil as President of Tilray Canada to enhance its growth strategy in Canada. He will lead sales, marketing, and operations across the cannabis sector and report to Jim Meiers, newly appointed Chief Operations Officer. Irwin D. Simon, CEO, believes MacNeil's experience will help meet the target of a 30% market share by the end of fiscal 2024. MacNeil previously worked at Bacardi and has extensive experience in high-growth brands. Tilray aims to be a leader in the cannabis industry globally.