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Cannabis Giant Tilray Doubles Down On Its Beer Business With New JetBlue Partnership
Thursday, February 6, 2025 - 1:12pm | 686Tilray Brands Inc. (NASDAQ:TLRY) is deepening its bet on the beverage alcohol sector, this time through a high-profile partnership with JetBlue Airways (NASDAQ:JBLU). The collaboration, announced earlier this week, places Montauk Brewing Company’s Surf Beer Golden Ale on all domestic and...
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EXCLUSIVE: Tilray CEO Irwin Simon On Why US Cannabis Rescheduling Won't Change A Billion-Dollar Play
Wednesday, October 23, 2024 - 4:56pm | 959In a fireside chat with senior analyst Pablo Zuanic on October 23, 2024, Tilray Brands (NASDAQ:TLRY) CEO Irwin Simon shared insights into the company's growth strategies, highlighting profitability, U.S. market entry and the expansion of their cannabis and beverage businesses. Simon also addressed...
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Tilray CEO Irwin Simon: 2024 Election Likely To Drive U.S. Cannabis Legalization, No Matter Who Wins
Thursday, October 10, 2024 - 8:34pm | 464As the 2024 presidential elections draw nearer, Irwin Simon, CEO of Tilray Brands Inc (NASDAQ:TLRY), foresees a turning point for the cannabis industry, regardless of the election’s outcome. Speaking alongside Tilray's fiscal 2025 first-quarter earnings report, Simon expressed optimism that...
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Tilray Reports $200M Q1 Net Revenue, Up 13% YoY As Net Loss Improves
Thursday, October 10, 2024 - 10:21am | 636Tilray Brands, Inc. (NASDAQ:TLRY) reported financial results Thursday for its first fiscal quarter ended August 31. The Canadian cannabis giant had a net revenue of $200 million, up by 13% from $177 million in the prior year quarter, but down from $229.882 million in the previous quarter. "As the...
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Two Cannabis Power Houses Team Up: Tilray Brings CBD Gummies From US Medical Marijuana Pioneer To Canada
Monday, October 7, 2024 - 1:34pm | 554Cannabis giant Tilray Brands, Inc. (NASDAQ:TLRY) (TSX:TLRY) announced the launch on Monday of new Charlotte’s Web (TSX:CWEB) (OTCQX:CWBHF) CBD gummies in Canada. The gummies hit shelves in select cannabis retailers across Ontario and will be available in certain provinces and retailers this...
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Billion-Dollar Cannabis Giant Tilray To Report Earnings, Here's What Investors Can Expect
Tuesday, October 1, 2024 - 12:22pm | 686Tilray Brands, Inc. (NASDAQ:TLRY) will release its financial results on Oct. 10, 2024 before financial markets open and host a live conference call to discuss the results at 8:30 am ET the same day. In July, Tilray reported fiscal fourth-quarter revenue of $229.882 million, up approximately 25%...
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No Cannabis Tax Relief In Canada, Tilray CEO Says This 'Hinders Our Ability To Compete With The Illicit Market'
Wednesday, April 17, 2024 - 9:11am | 737The Canadian government unveiled its 2024 budget on Tuesday and there was no excise tax relief for cannabis companies the industry was hoping for. In February, the House of Commons Standing Committee on Finance recommended limiting the excise tax rate to 10%, igniting optimism across the cannabis...
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Tilray CEO Irwin Simon Visits Israel To Meet Business Partners And Germany Ahead Of Imminent Legalization
Tuesday, December 5, 2023 - 11:43am | 852Irwin Simon, a chairman and CEO of the largest Canadian cannabis company in the world, Tilray Brands (NASDAQ: TLRY), recently took a business and personal trip to Israel amid the war with Hamas and to Germany, as legal cannabis seems to be on the horizon. In an exclusive interview with...
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Corona Beer Maker Walks Away From Remaining Warrants Of Weed Giant Canopy Growth
Tuesday, November 7, 2023 - 2:19pm | 1034Constellation Brands, Inc. (NYSE: STZ) announced last week the expiration of all its warrants to acquire common shares of Canadian cannabis producer Canopy Growth Corp. (TSX: WEED) (NASDAQ: CGC). The alcohol giant said it currently has no intentions or plans related to Canopy. The New York-based...
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Tilray's Trifecta: CEO Irwin Simon Says Cannabis Company Well-Positioned Around Weed, Beer, Food
Wednesday, October 4, 2023 - 3:09pm | 591Irwin Simon, chairman and CEO of Tilray, Inc. (NASDAQ: TLRY) was asked Wednesday whether conversations with stockholders are at times frustrating when the company's stock price isn't always performing to everyone's satisfaction. Tilray's first-quarter financial results Wednesday...
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Medical Cannabis In Canada Faces Decline: What's Behind The 38% Drop In Registrations?
Wednesday, September 13, 2023 - 3:39pm | 749Canada’s medical cannabis landscape is facing a profound transformation. Since the legalization of recreational marijuana in 2018, there has been a steep decline in both patient registrations and spending. The challenge now lies in deciphering the reasons and navigating future implications....
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Talking Bud: Tilray CEO On Anheuser-Busch Brands Takeover, Cannabis Legalization — 'Watch Out Because Tilray Is Coming'
Tuesday, August 8, 2023 - 2:19pm | 678Bud means a lot more to Tilray Brands Inc (NYSE: TLRY) shareholders than just a slang word for cannabis after the company acquired eight beer and beverage brands from Anheuser-Busch Inbev (NYSE: BUD) this week. What Happened: Tilray entered into a definitive agreement with...
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Tilray's HEXO Acquisition Creates Canada's Top Cannabis Company With 44% Market Share Boost
Friday, June 23, 2023 - 8:58am | 455Tilray (NASDAQ: TLRY) is making bold moves to secure a profitable future, and its latest acquisition of HEXO Corp. (NASDAQ: HEXO) has solidified its position as Canada's top cannabis company with a 44% market share boost, expanding its market share by 467 basis points. Despite a challenging...
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Not Even Tilray Is Impervious To This Cannabis Industry Trend: Pot Giant Is Latest To Lay Off Staff
Wednesday, January 18, 2023 - 10:12am | 754Tilray Brands (NASDAQ: TLRY), will lay off 49 employees at medical cannabis cultivation and manufacturing facility in Cantanhede, Portugal, reported Jornal de Notícias. The layoffs, which will cut the workforce by 25%, are expected to occur in the coming three months. A...
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Key Cannabis Exec Changes Investors Should Know About: ScottsMiracle Gro, Tilray, Metrc, & Willow Industries
Wednesday, November 9, 2022 - 12:32am | 1185ScottsMiracle-Gro Nominates Edith Avilés To Board Of Directors The Scotts Miracle-Gro Company (NYSE: SMG) announced Monday that its board of directors has nominated Edith Avilés to stand for election to the board at the upcoming 2023 annual meeting of shareholders....