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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

Post by Ventura2020on Nov 10, 2024 12:08pm
82 Views
Post# 36305443

Tilray Brands - The Fact Is

Tilray Brands - The Fact Is

This is not all about the Breweries and craft beer, it's about distribution of Delta 9 THC beverages. Distrubution chains are key to success. Tilray has that distrubution chain sealed.
The 2024 Farm Bill will be the biggest catalyst or biggest failure For Delta 9 THC beverages and the cannabis industry in the USA. 
If we go by the results in Florida (Amendment 3) Hemp wins, along with Republican Desantis. If the trend keeps going, you will see  the Hemp industry explode for the Hemp Farmers in the USA and the cannabis growers crumble. Not good for MSO's.
Republicans will back there farmer's for success, before they protect a Trulieve or Curaleaf for success as you witnessed in Florida .
As always, the risks are high. When you bet on The Federal Goverment in the USA.

Tilray paid only USD 23 million for Molson Coors’ craft breweries

USA | Craft brewery valuations must be at rock bottom. Tilray’s latest SEC filing (10 October) revealed that, in September, the cannabis firm spent USD 23 million, or USD 120 per barrel, on Molson Coors’ four craft breweries Terrapin, Hop Valley, Revolver and Atwater - a fraction of what Molson Coors must have paid.

When Molson Coors bought into Terrapin, Hop Valley and Revolver in 2016, craft beer sales were booming and transaction prices for regional craft breweries had gone through the roof, often hitting USD 1000 per barrel beer sold.

For example, Boston Beer merged with Dogfish Head in 2019 for USD 300 million. This worked out at around USD 1000 per barrel. The founders of Ballast Point, however, must have made a killing when they sold to Constellation Brands in 2015 for USD 1 billion, the equivalent of USD 3 600 per barrel, or 9 times the brewery’s revenue.

USD 23 million: a fire sale valuation

Assuming Molson Coors only paid a fraction of the then going rate, say USD 500 per barrel, it still forked out upwards of USD 85 million for this quartet of breweries, whose combined output, when acquired, stood at an estimated 170,000 barrels.

Currently, they sell some 200 000 barrels beer combined, which means they were acquired by Tilray for USD 120 per barrel - or less than half of their combined annual revenue of USD 60 million.

This just proves to show the industry’s sad state of affairs. A decade ago, craft beer entrepreneurs could bank on a profitable exit. Nowadays they must call themselves lucky if they find a buyer at all, especially if they are desperate to sell.

 


 

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