TILRAY BRANDS INC Stock Price, News & Analysis

Tilray Medical, a division of Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), has announced the results of a scientific study on the effectiveness of cannabinoids in treating fibromyalgia (FM). The TOMAS study examined the impact of Tilray Dried Flower THC18 on chronic pain and other FM-associated symptoms in patients with an average age of 52 years.

Key findings include:

• Improvements in pain scores, sleep quality, and overall quality of life
• Reduction in co-medication use
• Potential for cannabinoids as an effective and cost-efficient treatment option

The study provides valuable insights for the medical community on using cannabinoids to manage chronic pain and improve the quality of life for FM patients. Tilray Medical continues to support global medical trials studying the efficacy of medical cannabis for various indications.

Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY) has completed the acquisition of craft breweries Hop Valley Brewing Company, Terrapin Beer Co., and Revolver Brewing from Molson Coors Beverage Company (NYSE: TAP). This strategic move strengthens Tilray's position as the 5th largest craft brewer in the U.S. and expands its presence in key markets, including Texas, the second-largest beer consumption state.

The acquisition adds 30% new beer buying accounts to Tilray's portfolio and is expected to drive revenue, generate cost synergies, and expand distribution. Tilray's beverage portfolio now includes leading craft beer, spirits, and non-alcohol brands, as well as Canada's top recreational cannabis and THC beverage brands.

Breckenridge Brewery, a Tilray Brands (NASDAQ: TLRY) subsidiary, announces its upcoming On Tap concert series featuring Kaleo, Hippo Campus, and Cassandra Lewis. The event, scheduled for October 12, 2024, will take place at Breckenridge Brewery's farmhouse in Littleton, Colorado. Organized in partnership with 97.3 KBCO, the concert will support Project C.U.R.E., a Colorado-based organization providing medical supplies globally. Ryan Workman, Brand Director at Breckenridge Brewery, expressed excitement about the event's potential to combine great music with charitable impact. Gates open at 12:30 p.m., with the show starting at 1:30 p.m. Tickets are available for purchase online.

Tilray Brands (Nasdaq: TLRY; TSX: TLRY) has announced the launch of 'Milk & Cookies', a new premium indica strain from its Broken Coast brand. This small-batch flower joins Broken Coast's craft cannabis portfolio, featuring sweet vanilla and nutty earthy flavors. Kevin Anderson, Master Grower at Broken Coast, emphasized the strain's potency and comforting experience.

Milk & Cookies is a Cookies & Cream x Triple OG cross, cultivated with meticulous care and processed through a rigorous quality control process. The strain is currently available in British Columbia and Alberta, with plans to expand to Ontario, Manitoba, and Saskatchewan this Fall, followed by a nationwide rollout. It's offered as flower and in pre-roll formats in select regions.

Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY) has expanded its Solei cannabis product lineup with new THC-infused sparkling beverages and topicals. The company introduced two new infused sparkling beverages: Blood Orange (5mg THC, 10mg CBG) and Dark Cherry (5mg THC, 10mg CBD), both made with real fruit juice and nano-emulsified cannabinoids. Additionally, Solei launched an Extra Strength Deep Tissue Stick, a topical product containing 500mg THC and 500mg CBD, designed for rest and recovery support. This expansion follows the successful launch of Solei's first beverages in summer 2023 and aims to cater to cannabis wellness enthusiasts across Canada.

Shock Top, a subsidiary of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY), has announced a groundbreaking partnership with the Florida Athletic Department, becoming the first craft beer sponsor of Gator Athletics. This collaboration will introduce the first officially licensed co-branded craft beer for Gator fans, set to launch with the 2024 football season.

The partnership includes gameday activations, a year-round campaign, and presence at various sports venues. Fans can participate in a Flyaway trip contest to see the Gators play in Austin. Shock Top will be featured at football, basketball, and baseball events, emphasizing responsible drinking throughout the collaboration.

This strategic move aims to expand Shock Top's presence in Florida and connect with the passionate Gator fan base, enhancing the gameday experience across multiple sports.

Tilray Brands (TLRY) has announced a definitive agreement to acquire four craft breweries from Molson Coors Beverage Company (TAP). The acquisition includes Hop Valley Brewing Company, Terrapin Beer Co., Revolver Brewing, and Atwater Brewery. This strategic move is expected to strengthen Tilray's craft beer leadership in the U.S., particularly in the Pacific Northwest and Georgia, while anchoring the company in key markets like Texas and Michigan.

The acquisition is projected to grow Tilray's new beer accounts by 30% and increase its beer business to 15 million cases annually. Tilray aims to leverage its expertise in product innovation and distribution to unlock the full potential of these brands, strengthen their sales and operations, and expand their reach across the U.S.

This move aligns with Tilray's growth strategy in the beverage industry and is expected to drive revenue, generate cost synergies, and expand national distribution, reinforcing the company's leadership position in craft beer.

Breckenridge Distillery, a subsidiary of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY), has announced its newest Broncos Bourbon Blends and Breckenridge Broncos Vodka as the official Bourbon and Vodka of the Denver Broncos. The -edition bourbons, available in Colorado retailers starting next week, pay tribute to the Broncos' 2024 Mile High Collection.

Two teams, led by Broncos legends Randy Gradishar and Ed McCaffrey, created unique blends: the Broncos Blue Blend and the Broncos Orange Blend. Both are 87 proof (43.5% ABV), honoring McCaffrey's jersey number. Fans can vote for their favorite blend and enter to win tickets to a Broncos game by participating in social media contests.

Shock Top, a subsidiary of Tilray Brands (NASDAQ: TLRY), announces the return of its seasonal brew, Shock Top Twisted Pretzel, after a three-year hiatus. The Belgian-style wheat beer is enhanced with the flavors of a fresh-baked pretzel, making it a unique autumn offering. Available in 6-packs and 12-packs, as well as on draft at select locations, it will be sold through November. To celebrate, Shock Top is hosting a sweepstakes where one winner and a friend will get a four-day trip to Munich's Oktoberfest.