Tilray Brands Inc TLRY

Tilray Brads

[CaneIsAbel]

Has shown itself to be a company that knows what it's doing when it comes to Craft and speciality offerings. Over all craft sales in USA have opposing material put out  depending on what perspective you read. But that's neither here nor there for Tilray Brands. What matters is what we do and we are killing it and will continue to kill it and make Craft cool again. The proof is in the pudding 

Maximizing the Growth Potential of U.S. CPG and Craft-Beverage Lifestyle Brand Portfolio

• During Q1, Tilray made substantial strides in performance across its five craft-beverage brands including SweetWater Brewing Company, Breckenridge Distillery, and Montauk Brewing Company, growing revenue in its beverage alcohol segment by 17% and adjusted gross profit by 24%. Tilray’s wellness brand, Manitoba Harvest, maintained its brand leadership position in branded hemp with 52% market share and increased its gross margin to 29% from 26% through price increases.
• On September 29, 2023, Tilray closed on its acquisition of eight beer and beverage brands from Anheuser-Busch (NYSE: BUD). The acquired brands, consisting of Shock Top, Breckenridge Brewery, Blue Point Brewing Company, 10 Barrel Brewing Company, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider Company, and HiBall Energy, possess strong consumer loyalty and further diversify Tilray’s growing U.S.beverage alcohol segment. Their expected sales volume elevate Tilray Brands to the 5thlargest position in the high-growth U.S. craft beer market, up from the 9th position.
• Upon federal cannabis legalization in the U.S., Tilray is well-positioned to immediately leverage its strong U.S. leadership position and strategic strengths across distribution and brands to include THC-infused products to maximize all commercial opportunities and drive significant additional revenue in adult-use cannabis through expanded recognition and distribution.

[CaneIsAbel]

Will integrate utilize synergies and bolster our Bud breweries with sweetwater and increase sales. Tilray will be a craft king. I expect them to release a non craft beer offering eventually. NFL superstar Tilray Light replaces Budlight hahaha 

[Ventura2020]

We also know that Tilray paid a minimum of 20 mil for the brands from InBev. During Q1, we entered into a new $120 million credit agreement led by Bank of America and included syndicate members, City National Bank, TD Bank, and Pinnacle Financial, for our beverage alcohol division, which is comprised of domestic-owned subsidiaries and provides for, among other things, a $70 million term loan

[CaneIsAbel]

Excellent point yes!