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New THC Beverage To Hit Shelves In Nevada Soon, New Frontier In Cannabis Consumption?
Thursday, September 7, 2023 - 12:36pm | 445Cannabis beverage producer Nevis Brands Inc. (CSE: NEVI) has secured an agreement with Silver State Wellness to produce and distribute Major to Nevada cannabis retailers. Major is a dosable 100mg THC beverage that delivers the effects of cannabis within 10-20 minutes of consumption. It will be...
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Tilray's New Cannabis Strains By Redecan: Here's Where To Find These Innovative Products
Thursday, September 7, 2023 - 9:43am | 635Tilray Brands, Inc. (NASDAQ: TLRY) (TSX: TLRY) is expanding its market-leading product portfolio by launching new flower genetics by the cannabis lifestyle brand Redecan. "We are thrilled to unveil the first Redecan innovation following our acquisition of HEXO Corp," said Blair...
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Tilray Ramps Up Pre-Roll Production As Competition Heats Up In Canada
Wednesday, August 30, 2023 - 1:50pm | 603Tilray Brands, Inc. (NASDAQ: TLRY) (TSX: TLRY) debuted its new 'Diamonds Collection' by its Premium cannabis lifestyle brand RIFF on Wednesday The new diamond-infused pre-rolls come in two powerful small-batch craft flower offerings, including its popular Melonaide flower and the brand...
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Canadian Weed Giant Wraps Up Acquisition Of Molson Coors-Backed Cannabis Beverage Producer
Friday, August 18, 2023 - 11:34am | 542Tilray Brands, Inc. (NASDAQ: TLRY) (TSX: TLRY) has acquired the remaining 57.5% equity ownership of Truss Beverage Co. from beverage company Molson Coors Canada (NYSE: TAP). Truss Beverage is a joint venture between Molson Coors and HEXO Corp affiliates, which Tilray acquired in June, solidifying...
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Tilray Acquires 8 Beer Brands From Struggling Bud Light Parent Anheuser-Busch: Here's What It Means For Both Companies
Monday, August 7, 2023 - 7:03pm | 862Tilray Brands, Inc. (NASDAQ: TLRY), a cannabis and consumer packaged goods company, announced it has entered into a definitive agreement to acquire eight beer and beverage brands from Anheuser-Busch (NYSE: BUD). The acquisition places Tilray Brands as the 5th ...
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Tilray Brands Stockholders Approve Charter Amendment To Enhance Corporate Governance And Support Strategic Growth Plan
Friday, March 17, 2023 - 9:26am | 432Tilray Brands, Inc. (NASDAQ: TLRY) (TSX:TLRY) announced that Tilray Brands’ stockholders formally approved an amendment to the company’s certificate of incorporation (the “charter amendment”). The charter amendment will, at the effective time of filing, cancel the company...
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Tilray Q2 Revenue Declines 7% YoY To $144.1M, What About Adjusted EBITDA?
Monday, January 9, 2023 - 8:57am | 566Tilray Brands, Inc. (NASDAQ: TLRY) (TSX:TLRY), released financial results for the Q2 2023, revealing net revenue of $144.1 million, a 7% decrease compared to $155.2 million in the Q2 2022. Q2 2023 Financial Highlights Gross profit rose to $40.1 million, a 22% increase, year over year. Adjusted...
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Independent Proxy Advisory Firms Recommend Tilray Stockholders Vote 'FOR' Tilray's Proposal To Protect Stockholders And Promote Accountability
Friday, November 4, 2022 - 9:24am | 439Tilray Brands, Inc. (NASDAQ: TLRY) (TSX:TLRY) announced that Institutional Shareholder Services and Glass, Lewis & Co., have recommended that Tilray stockholders vote “for” proposal 3, the company’s proposal to eliminate Tilray’s class 1 common stock at the company...
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Tilray Goes Through With It: Closes $155M Investment In HEXO, Expects $80M In Shared Savings
Wednesday, July 13, 2022 - 7:50am | 784Tilray Brands, Inc. (NASDAQ: TLRY) (TSX:TLRY) has closed its acquisition from HT Investments MA LLC (“HTI”) of the secured convertible note issued by HEXO Corp. (NASDAQ: HEXO) Irwin D. Simon, Tilray Brands’ chairman and CEO, stated, “We are excited to close on this strategic...
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HEXO Deal Could Be A Big Win For Tilray, This Analyst Tells Us Why
Thursday, June 16, 2022 - 10:57am | 802On Wednesday HEXO Corp (NASDAQ: HEXO) reported a staggering loss of CA$152.7 million ($118 million) in the third quarter of 2022, representing a 638% year-over-year increase. Gross profit was a loss of CA$5.27 million compared to a gain of CA$8.82 in the same quarter of 2021, while sales of CA$45.6...
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Tilray Determined To Resolve Hexo's Debt, Signs Definitive Agreement On Heels Of Earnings
Tuesday, April 12, 2022 - 8:36am | 484Tilray Brands, Inc. (NASDAQ: TLRY) confirmed Tuesday it has signed a definitive agreement for a commercial and financial partnership with HEXO Corp. (NASDAQ: HEXO). As initially announced on March 3, 2022, the partnership will bring together Canada’s top two cannabis market...
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What To Focus On Now After Tilray's Q3 Earnings Report, Analyst Shares Main Takeaways
Thursday, April 7, 2022 - 9:50am | 1027On Wednesday, Tilray Brands, Inc. (NASDAQ: TLRY) reported financial results for the third fiscal quarter ended Feb. 28, 2022, with net revenue up 23% from the same quarter last year, reaching $152 million. Irwin D. Simon, the company's chairman and CEO who will be delivering a keynote at the...
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Irwin Simon, At The Helm Of One Of The Biggest Cannabis Operators, Tilray: Meet Our Keynote Speakers
Thursday, March 10, 2022 - 1:04pm | 1835Who is the person behind the largest Canadian cannabis company in the world? That would be Irwin D. Simon, chairman and CEO of Tilray Brands Inc. (NASDAQ: TLRY). After some 30 years in executive roles at various consumer packaged goods companies from...
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BREAKING: Tilray Brands And HEXO Form Strategic Alliance, Expecting CA$50M Of Cost Synergies In Two Years
Thursday, March 3, 2022 - 8:29am | 711HEXO Corp. (TSX:HEXO) (NASDAQ: HEXO) is finalizing a strategic partnership with Tilray Brands, Inc. (NASDAQ: TLRY) which includes a new debt financing agreement. Under the new agreement, Tilray Brands will acquire $211 million of senior secured convertible notes that were originally issued by...
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Tilray's Revenue Dives 8% QoQ To $155M, Announces New Parent Company Name – Tilray Brands
Monday, January 10, 2022 - 8:49am | 681Tilray, Inc. (NASDAQ: TLRY) (TSX: TLRY) reported Monday its financial results for the second fiscal quarter ended November 30, 2021, with net revenue of $155 million, up by around 20% from $129 million in the same period year ago and down from $168 million in the...