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.

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Tilray Brands Inc

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Post by DaveInCalgaryon Jan 10, 2024 9:51am

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Post# 35819084

Tilray Brands - Canadian, American, German & Cannabis Update

Tilray went thru a tough 2nd Quarter. Just mentioning a few challenges:

Tilray had to fit in Hexo & Redecan including staff, cannabis crops growing in rotation, unused facilities, Quebec retail market in the 2nd year of their on going strike (which was just settled in November). Hexo new vacant greenhouse in Quebec will now grow cannabis in 20% of the facility for the Quebec market, and other noncannabis crops in the remainder of this huge facility.
Half way thru the quarter Tilray added the recently purchased brews from A-B that came with breweries and brewpubs across the US, from Long Island to Portland. Blended in 730 new staff members. West Coast Distribution from San Diego to Seattle. Colorado established as central distribution hub. Montauk brews moving large commercial brews into Blue Point distillery, on Long Island. Montauk Barn / BrewPub in the Hamptons going back to small batch local sales only. Montauk and SweetWater added Florida & Caribbean distribution. Sweetwater completed a major expansion to the Atlanta distillery. More than doubled capacity. SweetWater also held Country Weekend in Mercedes Stadium in Atlanta, co-hosted with Wells Fargo bank. 50,000+ attended.
Half way thru the quarter, balance of Truss was purchased from Molson. Truss being set up in new facilities in London Ont. Not sure if that is completed? (Irwin Simon mentioned yesterday during conference call about the facilities available in Bellville as well as London. Possibly Shock Top involvement?)
Germany Medical sales increased 55% YOY. CCPharma changing to Tilray Pharma. Canadian sales increased.
Tilray added growth & Medical Cannabis Trials in a number of EU countries & Australia/New Zealand. Israel at war. Ukraine approved medical cannabis due to war.
3rd Quarter from December 1 to March 1 should be easier for Tilray management, even though its usually the best sales quarter of the winter for beverages. 3rd Quarter results likely April 9th.
German Medical Cannabis being DeScheduled April 1, 2024. Removed from Narcotics list. Much easier to obtain insurance paid medical cannabis prescriptions. Experts are predicting Medical Cannabis to increase 10 times within the 1st year. Experts predicting Demecan with 3 of the 13 German government issued licences & 2 strains, Aurora with 5 of the 13 licenses and 2 strains, and Tilray with 5 of the 13 German Government issued licenses and allowed to grow all 3 German Government allowed Medical Cannabis strains will benefit the greatest from Medical Cannabis Descheduling.