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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.


NDAQ:TLRY - Post by User

Comment by Oldweedon Oct 21, 2024 11:51am
33 Views
Post# 36274872

RE:The so called ‘longs’ have decided that

RE:The so called ‘longs’ have decided thatTilray has bet big on drinks, really big, the hill to climb will be steep and expensive. Alcohol and soft drinks are very old and established lanes that are very well protected. Entry into either, without being squeezed out or bought is no easy task. We have seen a recent partnership with some big players from their respective lanes coming together to put out ready made drinks such as rum and coke. There are there are risks trying to move into each others respective lanes, for example, Constellation was reminded of the consequences of sticking their paws into the energy drink market of Coca Cola and Biosteel was sold off in short order. Irwin has decided that diversification into two old established lanes and also build a new MJ business and somehow consider itself as a wellness company (yet another lane). Tilray must have incredible amount of cash resources or backing to pull such massive ventures off at a global scale! This is a very aggressive and risky play, it certainly can't be done without massive amounts of cash, that cash will come from either Tilray profits or investor pockets, so I would venture a guess that it might be a tad bit early to go long imho. Somebody certainly has a dream!
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