Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

NDAQ:TLRY - Post Discussion

Tilray Brands Inc > German Cannabis Legalization Update
View:
Post by DaveInCalgary on Aug 13, 2023 10:13am

German Cannabis Legalization Update

FIRST HALF OF 2023: GERMAN CANNABIS PRODUCTION IS PICKING UP SPEED

In the first half of 2023, 947 kilograms will be produced in Germany

July 31, 2023

The production of medical cannabis in Germany has picked up speed. As the BfArM krautinvest announced, Demecan, Aurora and Aphria together provided 1926 kilograms of medicinal cannabis flowers in 2022. In the first half of 2023 it was 947 kilograms. The three producers commissioned by the BfArM thus significantly increased the volumes produced in Germany compared to the first half of 2022. The three companies are allowed to produce a total of 2.6 tons per year - although there is still some room for improvement.

In the first half of 2022, three companies had provided you with around 679 kilograms of medicinal cannabis flowersIt is also noticeable that significantly more medicinal cannabis blossoms are now finding their way into pharmacies. According to the BfArM, a total of 726 kilograms of medical cannabis flowers were sold to pharmacies in 2022, and 623 kilograms in the first half of 2023. In the first half of 2022, 250 kilograms were given to pharmacies. This at least suggests that the sale of the quantity produced has picked up speed with a time lag. An assumption that needs to be treated with some caution. In this context, the BfArM explicitly points out that when interpreting the figures, due to the different time courses (delivery/handover), it is not possible to "offset" the quantities and statements derived accordingly would not be "valid".

It is also difficult to predict to what extent the increase in price from EUR 4.30 to EUR 5.80 and the new regulation for opened containers to be destroyed will affect demand for the varieties produced in Germany. As a reminder: pharmacies must destroy containers that have been opened and not used up - in future the BfArM will not reimburse these amounts financially. The BfArM does not have any data on medical prescriptions and on delivery to patients, nor on the auxiliary fee or on destruction, as krautinvest reports on request. Accordingly, the amount of medical cannabis that is destroyed in this country for various reasons can only be estimated - be it imported or domestically produced flowers.
https://krautinvest.de/erstes-halbjahr-2023-deutsche-cannabis-produktion-nimmt-fahrt-auf/

Comment by DaveInCalgary on Aug 13, 2023 10:38am
NOTE: krautinvest writers forgot to mention when the German Licensed cannabis facilities had completed construction, planted the 1st full crop rotation and started harvesting. Aphria Facility was given 5 of the 13 German Medical Cannabis Licenses. Aphria/Tilray can also ship medical cannabis from their Licensed GMP Medical Cannabis in Canada. https://www.businesswire.com/news/home ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities
USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse