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 > Large MSO’s and Safe

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Post by Ventura2020on Sep 06, 2023 9:00am

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Post# 35621535

Large MSO’s and Safe

This is counterintuitive if one takes the stated intent of the SAFE Act at face value. The ACT aims to ease access to bank services, and this increased availability should help smaller companies the most. However, the image of an “all-cash” industry has not been the reality for years, at least not for public cannabis companies. None of the companies on this chart have difficulty obtaining basic bank accounts or services, and to that extent, the SAFE Act would produce modest gains at best.
The most significant benefits of the SAFE Act are indirect. Granting a safe harbor for the provision of banking services may lead to increased willingness of banks to custody cannabis equities, and this could lead to greater trading liquidity and more incentives for the senior exchanges to allow listing. It may take some time, but an equivalent of the SAFE Act will eventually lead to up-listings, a much bigger deal for the companies