Bullboard - Stock Discussion Forum Tilray Brands Inc TLRY

Alternate Symbol(s): T.TLRY

Healthcare Cannabis

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... see more

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NDAQ:TLRY - Post Discussion

Tilray Brands Inc > KING CANNABIS TLRY #1 CANADA / GLOBAL

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Post by Savage97 on Oct 08, 2021 2:25pm

KING CANNABIS TLRY #1 CANADA / GLOBAL

Net revenue increased to $168 million, driven by 38% growth in net cannabis revenue to $70 million. Maintained #1 market share in Canada, including top position in cannabis flower and pre-rolls; 5 Tilray brands rank in top five brands across all adult-use product categories. International market leader and #1 in Germany for medical cannabis extracts. Gross profit increased 46% to $51 million and Adjusted gross margin in the cannabis segment has remained strong at 43%. Cost-saving synergies of $55 million achieved and on-track for at least $80 million in cost-savings.

Canopy has stated it is losing market share, and ACB also stated the same recently, proving Tilray is dominating Canadian rec. sales and poised to grab even more market share going forward with growing international as well.

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