Don't Let the Shorts Steal Your Shares Tilray remains focused on delivering on our strategic priorities:
- Maximizing revenue and growth in our core businesses across Canada (medical and adult-use cannabis), Europe (CC Pharma distribution business, medical cannabis and eventually adult-use businesses) and winning in the U.S. through our leading portfolio of beverage alcohol and wellness brands.
- Optimizing the utilization of our assets and maximizing efficiencies across our global operations with a relentless focus on our cost structure to ensure that we remain a low-cost producer in our cannabis businesses as well as our other businesses,
- Strengthening our industry-leading balance sheet and CASH position.
Tilray Brands today is the most diversified global cannabis-lifestyle and CPG company with a clear vision and strategy to deliver sustainable, long-term stockholder value and growth. We do not believe the value of the opportunities we have created within our diversified businesses are fully reflected in our current stock price, and we strongly believe that our strategy and opportunities will generate significant stockholder value in the longer term and that our efforts have delivered significant accomplishments:
- We repositioned Aphria, optimized operations and cost efficiencies and with the Tilray transaction we built the leading Canadian cannabis LP with the #1 market share across Canada today. With the Hexo transaction, we expect to continue to grow our Canadian cannabis business and capture further market share.
- We strengthened and expanded our international cannabis business in over 20 countries and new markets and territories across the globe - today we have the leading medical cannabis market share across Europe.
- As an adaptation to the delay in US federal cannabis legalization, we built a strong and profitable US beverage alcohol business including:
a. Repositioning SweetWater into the #1 craft brewer in Georgia and #2 craft brewer in the Southeast and now with our recent acquisitions of Montauk, Alpine and Green Flash, our US beer business is the 5th largest craft brewer in the US.
- We’ve grown Breckenridge Distillery’s distribution footprint across all states in the US and continue to win the world’s best awards including the 2023 World’s Best Blended Whiskey award.
- We stabilized Manitoba Harvest into a profitable business, creating the world’s leading hemp foods brand with over 50% branded hemp market share in the US and Canada.
- When cannabis legalization does occur, we will leverage these US businesses in beverage alcohol and wellness, including their distribution and marketing networks, to capture new expansive opportunities across the US through the creation of a broad set of cannabis-infused CPG brands.