I would refer to Tikrays MD&A as found with the financial filings- on Sedar.
The section related to craft beer explains that gross profit margins dropped to mid30% from mid 40% - and Tilray states that it's because craft beer has lower margins. (alcohol is generally around 50%)
It also states that the craft brewers have 'excess capacity' - simply put, that people aren't as much product as the brewers can make.
To be clear to all readers on this board - if one of the 8 craft brewers could produce 100 barrels of beer per month - they are only selling 50 barrels.
They aren't selling their beer - craft beer is a dead sector - and what they are selling is at a low price because the demand isn't there.
Simple Simon was going to make craft beer 'cool' again. Annheuser dumped unprofitable, cash burning breweries in a dead sector to a CEO who in his arrogance, thinks he can succeed where Annheuser Busch couldn't?
No wonder he only makes $21 million a year
Post by
quinlashon Apr 19, 2024 2:48pm 
9 Views
Post# 35998603
RE:Looks like beer and cannabis is a bad investment
Wrong forum bud, you are off-topic.
This is the Tilray Forum, not Canopy.