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 > As stated numerous times in the Q1

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Post by Keeler on Oct 12, 2024 11:00am

As stated numerous times in the Q1

financials, Tilray management now conceded that their projections for craft beer were 'overly optimistic' - due to the decline in overall craft beer revenue, which aligns with the national craft beer sector.

As further mentioned, Tilray is looking at strategic options to close several craft brewers and their local pubs.

Irwin Simon, CEO - states that Tilray craft beer will focus on 'making beer fun again'. Tikray plans to re-hire the innovation departments of its craft beer division - previously laid off as a cost saving synergy, as Tikray looks to introduce 436 new craft beer flavors before Christmas.