Tilray pre-rolls doing well in Quebecwhy are Hexo/Redecan sales down in Quebec?
First OGI taking market share from Hexo, then VFF - now Tilray, Hexo's sugar daddy? 11:06 AM EDT, 07/06/2022 (MT Newswires) -- Tilray Brands, Inc. (Nasdaq and TSX: TLRY), a cannabis lifestyle and consumer packaged goods company, was almost 7% higher at last look on Wednesday after saying its cannabis brand Good Supply expanded its product offering in Quebec.
Good Supply has launched hash-infused pre-rolls in collaboration with the Societe Quebecoise du cannabis, Tilray said. The new category caters to consumer demand for higher and consistent potency pre-roll options in Quebec.
The development comes a day after rival cannabis company HEXO Corp. (TSX and NASDAQ: HEXO) said its shareholders approved a previously announced transaction that involved Tilray buying its convertible notes from HT Investments MA LLC.