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Tilray Brands Inc TLRY

Alternate Symbol(s):  T.TLRY

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.


NDAQ:TLRY - Post by User

Comment by ds04calon Dec 06, 2023 6:46pm
90 Views
Post# 35772007

RE:UK driving out tobacco

RE:UK driving out tobacco

Interesting FACT.  UK Government Policy on Tobacco As Of Today 

The government is using the RPI of 5.4% (+2%), which is the Office for Budget Responsibility's forecast for the inflation rate in quarter two of 2024.  

It means a 20 pack will rise by 7.4% - or £1.08.

The average price for a 20-pack of cigarettes in October was £14.59 - this will rise to £15.67 from 6pm ($26.77 Canadian)

Taxing tobacco is a huge revenue-raiser for the government, with £10.7billion collected in 2022, which was 1.2% of the total tax taken.   

Mr Sunak, now Prime Minister, previously revealed he wants to make Britain "smoke-free" by 2040.

This policy is now in place which will result in no tobacco sales come 2040, what will the tobacco companies turn to. Mmm, I wonder. 

The top 2 dividend stocks on the FTSE 100 are British American Tobacco (9.19% yield) and Imperial Brands (7.90 yield).  The drive from big tobacco on government's globally will IMHO just add more catalyst to legalisation far and wide. 


Long and strong  
 

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