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 > Simon WTF?

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Comment by ReeferMadness38on Aug 13, 2024 6:18pm

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Post# 36177522

RE:Simon WTF?

It's probably to do with the distribution side of things, mainly Texas and Michigan
I'm going to wait to see what they paid and how
This is more high margin beverage for them and sets up distribution for hemp beverages
Texas was already slated for hemp beverage later this year
Molson Coors is also losing US market share and is prioritizing their core beers and a strategy of premiumization so they were probably looking to offload

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