Tilray Brands Inc TLRY

Alternate Symbol(s): T.TLRY

Healthcare Cannabis

Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company. The Company operates through four segments: Cannabis operations, Distribution business, Beverage alcohol business and Wellness business. The Cannabis operations, which encompasses the production, distribution, sale, co-manufacturing and advisory services of both medical and adult-use cannabis. The Beverage alcohol operations, which encompasses the production, marketing and sale of beverage alcohol products. The Distribution operations, which encompasses the purchase and resale of pharmaceuticals products to customers. The Wellness products, which encompasses hemp foods and cannabidiol (CBD) products. The Company offers a portfolio of adult-use brands and products and expands its portfolio to include new cannabis products and formats. Its brands include Good Supply, RIFF, Broken Coast, Solei, Canaca, HEXO, Redecan, Original Stash, Hop Valley, Revolver, Bake Sale, XMG, Mollo, and others.

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Tilray Brands Inc > King Irwin welcomes retail investors

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Post by CommonCentsforDollarson Jun 08, 2021 5:43pm

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King Irwin welcomes retail investors

Tilray CEO welcomes retail investors

Jun. 08, 2021 5:14 PM ETTilray, Inc. (TLRY)Delta Air Lines, Inc. (DAL)Tilray, Inc. (TLRY)AMC Entertainment Holdings, Inc. (AMC)By: Brian Stewart, SA News Editor9 Comments

Purchasing Cannabis with a credit card — stockstudioX/E+ via Getty Images

Courting the same meme-stock investors that backed stocks like AMC Entertainment (NYSE:AMC), Irwin Simon, the head of cannabis product maker Tilray (NASDAQ:TLRY), said Tuesday that he welcomed the interest of retail investors.
In an interview with CNBC, Simon embraced the fact that TLRY had become a talking point on WallStreetBets and in other Reddit discussions.
"We love having them as part of our shareholder base," he said, referring to activist retail investors.
Simon said these investors made excellent shareholders due to their high level of knowledge about the company and its products. He noted that a large number of retail investors have come into cannabis stocks, as evidenced by the nearly 30 million shares of volume TLRY experienced during Tuesday's session.
Simon's comments came after Tilray announced the launch of a new medical cannabis brand called Symbios.
Speaking about the launch, Simon told CNBC that the product would provide a lower-cost medical alternative for patients with pain and arthritis. He referred to it as a "value-added" play in the market.
The TLRY CEO also mentioned a new beer from SweetWater available on Delta Air Lines (NYSE:DAL) flights, noting that he could see beverages with CBD and even THC on flights some day as a way to calm fliers' nerves.