When Joe Biden and the Dems Won the majority in 2020 election. It was assumed legalization would be imminent. Irwin Simon moved fast on sweetwater USA side what he was legally able to do. It gave us an adjacency infastructure and roots through the USA. Legalization never materialized (not yet) but sweetwater however remains very profitable growing and excellent margins. The 8 newly acquired beverage companies will soon achieve the same excellent margins above 45 percent once synergies and shipping occurs out of our in house main facility. The logistics will vastly improve. Prior obligations with inbev will expire and the necessary transitions will take place. Upon rescheduling you can rest assure Tilray Brands will be in the USA bigger and faster with current and soon to be newly aquired company for medical cannabis.
Our German foot print will only continue to grow as more and more Germans seek out cannabis prescriptions. Tilray Brands benefits quite nicely already being the largest medical supplier to Germany through Tilray Pharma. Prescriptions have gone up 5 fold according to some estimates in Germany
On the home front Tilray Brands will seek out its next merger as the industry consolidates. It's not a matter of if but when. The price per gram of cannabis has gone up as tax burdens have sent many of the smaller producers to the wayside. Tilray Brands primary fight is with the tier 1 cannabis producers who wrestle market share. Eventually consolidations will be the only key move.
Great products our whiskeys win double gold awards year after year. Growing market share in the USA. Excellent cannabis products and world renowned trusted brands for medical Tilray Brands TLRY. A foot print in over 20 countries globally it's the only Cannabis company to consider