Bullboard - Stock Discussion Forum 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... see more

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Tilray Brands Inc > However

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Post by shenty46 on Dec 31, 2022 6:20pm

However

However I think as Tilray has lots of money invested in Hexo, they might have a plan to overcome this, but acquiring a Canadian company like Hexo I think was not a good idea, when almost all the Canadian companies are in massive losses, it would have been better to acquire US based companies like Canopy did, and canopy revenue may touch near 2 billion when all companies come under canopy USA. However the results of all cannabis companies are on verge of major turnaround in the future.

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Comment by quinlash on Jan 03, 2023 4:40pm

Tilray has a $4 Billion Annual Sales objective set forth by the CEO. Tilray is a Top Tier 1 company in the sector (1 of 5 such companies). HEXO Corp is another one of those 5. HEXO year end gross sales exceeded 1/4 billion (net of apx $190 Million) so for Tilray to buy out HEXO Corp it would move the company towards that 4 Billion annual target much quicker. Until the US de ...more

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