RE:As stated numerous times in the Q1Keeler wrote: financials, Tilray management now conceded that their projections for craft beer were 'overly optimistic' - due to the decline in overall craft beer revenue, which aligns with the national craft beer sector.
As further mentioned, Tilray is looking at strategic options to close several craft brewers and their local pubs.
Irwin Simon, CEO - states that Tilray craft beer will focus on 'making beer fun again'. Tikray plans to re-hire the innovation departments of its craft beer division - previously laid off as a cost saving synergy, as Tikray looks to introduce 436 new craft beer flavors before Christmas.
That just tells me somebody's research as a CEO isn't very reliable.