Tilray

Tilray Brands, Inc. Reports Q3 Fiscal 2024 Financial Results

Retrieved on: 
Tuesday, April 9, 2024
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ET Today

Key Points: 
  • ET Today
    NEW YORK and LEAMINGTON, Ontario, April 09, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. (“Tilray”, “our”, “we” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company, today reported financial results for its third quarter ended February 29, 2024.
  • Beverage-alcohol gross profit increased 89% to $18.9 million in the third quarter from $10.0 million in the prior year quarter.
  • Completed Canadian cannabis business cost reduction plan launched during fiscal year 2022 and international cannabis business plan launched during fiscal year 2023.
  • For its fiscal year ending May 31, 2024, the Company is now guiding to an Adjusted EBITDA target of $60 million to $63 million.

Tilray Medical Announces New Scientific Publication on Age-Related Patterns of Medical Cannabis Use

Retrieved on: 
Wednesday, April 3, 2024
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NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) -- Tilray Medical, a division of Tilray Brands, Inc. ("Tilray") (Nasdaq: TLRY; TSX: TLRY) and a global leader in medical cannabis, empowering the therapeutic alliance between patients and healthcare practitioners to make informed individualized health decisions, transforming healthcare, today announced a new Tilray led scientific publication, Age-related Patterns of medical Cannabis Use: A Survey of Authorized Patients in Canada. The new study was derived from the Canadian Cannabis Patient Survey (CCPS) 2021, comprised of 2,697 patients and focused primarily on older patients with a mean age of 54.3. This study presents to the medical and scientific community the consumption trends observed in patients and the self-reported impacts from medical cannabis in alleviating the patients’ primary symptoms.

Key Points: 
  • Tilray Led Study Shows Chronic Pain, Arthritis, Anxiety, and Insomnia as Primary Illnesses and Symptoms for Medical Cannabis Use
    NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) -- Tilray Medical, a division of Tilray Brands, Inc. ("Tilray") (Nasdaq: TLRY; TSX: TLRY) and a global leader in medical cannabis, empowering the therapeutic alliance between patients and healthcare practitioners to make informed individualized health decisions, transforming healthcare, today announced a new Tilray led scientific publication, Age-related Patterns of medical Cannabis Use: A Survey of Authorized Patients in Canada .
  • This study presents to the medical and scientific community the consumption trends observed in patients and the self-reported impacts from medical cannabis in alleviating the patients’ primary symptoms.
  • The Age-related Patterns of Medical Cannabis Use study finds that older patients comprise a growing subset of medical cannabis patients.
  • José Tempero, Tilray’s Medical Director, said, "Our role in this initiative exemplifies our commitment to medical research, leading us one step closer to unlocking the full therapeutic potential of medical cannabis."

Jones Soda Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, March 14, 2024
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Fourth Quarter 2023 Financial Summary vs. Year-Ago Quarter

Key Points: 
  • Fourth Quarter 2023 Financial Summary vs. Year-Ago Quarter
    Revenue was $3.5 million compared to $3.7 million.
  • The fourth quarter of 2023 included approximately $438,000 in revenue from the Company’s Mary Jones cannabis business compared to approximately $239,000 in the fourth quarter of 2022.
  • The Company’s cannabis brand, Mary Jones, generated approximately $438,000 in revenue in the fourth quarter of 2023 compared to approximately $220,000 in revenue in the third quarter of 2023 and approximately $239,000 revenue in the fourth quarter of 2022.
  • Adjusted EBITDA1 was $(1.4) million in the fourth quarter of 2023 compared to $(1.3) million in the fourth quarter of 2022.

Good Supply Launches New ‘Juiced’ Cannabis Pre-Roll Multi-Packs Across Canada

Retrieved on: 
Tuesday, February 27, 2024
Collection, Pigtail, TSX, Rotation, TLRY, Good, Tilray, GOOD, Tea

Good Supply’s new infused GOOD SUPPLY JUICED™ lineup includes its first duo blunt multi-pack with the new 2x1g ‘Cherry on Top’ Blunts and a refreshed rotation of flavours in its new multi-strain 3x0.5g Discovery Pack.

Key Points: 
  • Good Supply’s new infused GOOD SUPPLY JUICED™ lineup includes its first duo blunt multi-pack with the new 2x1g ‘Cherry on Top’ Blunts and a refreshed rotation of flavours in its new multi-strain 3x0.5g Discovery Pack.
  • First making its appearance across retailers last summer , Good Supply’s fruit-forward ‘JUICED’ infused pre-roll collection continues to expand with bold and fruity flavours drawing from Good Supply’s acclaimed fan-favourite offerings.
  • Good Supply’s single-flavour pre-roll multi-packs, multi-flavour discovery pre-roll pack, and indulgent blunts feature a pairing of strain-specific flower with the fruit-flavoured extract of Good Supply’s best-selling vapes.
  • The latest additions to the Good Supply JUICED lineup include:
    For its first drop, Good Supply launched its Groovy Grape and Bunches of Bananas Juiced Infused single 1g Blunts.

Solei Brand Launches New Cannabis Infused Cold Brew Teas

Retrieved on: 
Thursday, February 22, 2024
Hibiscus, TSX, CBN, Tea, CBG, Drink, Chamomile, CBD, THC, TLRY, Tilray, Lavandula

TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. ("Tilray" or the "Company") (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis and consumer packaged goods company, today debuts two new ready-to-drink cold brew tea beverages by its premium cannabis wellness brand, Solei .

Key Points: 
  • TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. ("Tilray" or the "Company") (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis and consumer packaged goods company, today debuts two new ready-to-drink cold brew tea beverages by its premium cannabis wellness brand, Solei .
  • Introducing Peach Cranberry and Wildberry Hibiscus, Solei’s new cold brew tea offerings are non-carbonated and embrace a moderate elevation that’s mildly sweet and comes in 355ml per can.
  • Solei’s newly launched cold brew teas are produced with a black tea base and blended with real fruit juice to create a refreshing fizz-free experience.
  • Find out more about Solei’s Cold Brew Teas by visiting www.solei.ca and following our journey @soleicanada across socials.

Two of Oregon’s Favorite Craft Breweries Team Up With the Portland Timbers as Official Craft Beer Sponsors

Retrieved on: 
Wednesday, February 21, 2024
Marketing, Lumber, TSX, PNW, Life, Beer, TLRY, Tilray, Widmer Brothers Brewery, Partnership

Widmer Brothers and 10 Barrel will become the official craft beer partners of the Timbers.

Key Points: 
  • Widmer Brothers and 10 Barrel will become the official craft beer partners of the Timbers.
  • At the same time, Pub Beer has been named as the official Patio Beer, unveiling the “Pub Beer Patio,” a new general admission section, and the first standing-room only section in the stadium.
  • “We are thrilled to bring in 10 Barrel as an official sponsor and extend our longstanding relationship with Widmer.
  • On game days, these include beer specials, post-game rooftop parties, and special discounts for Timbers fans.

SweetWater Brewing Teams Up With Major League Soccer’s Atlanta United FC as Official Craft Beer Partner

Retrieved on: 
Tuesday, February 20, 2024
Football, MLS, U.S. Open Cup, Beer, TSX, Columbus Crew, Campeones Cup, Mercedes-Benz Stadium, MLS Cup, History, TLRY, Tilray, Major League Soccer, SweetWater Brewing Company, Partnership

ATLANTA, Feb. 20, 2024 (GLOBE NEWSWIRE) -- SweetWater Brewing Company (“SweetWater Brewing” or “SweetWater”), Atlanta’s premier craft brewer and a subsidiary of Tilray Brands, Inc. ("Tilray" or the "Company") (NASDAQ: TLRY and TSX: TLRY), announced today that it is now an official craft beer partner of Major League Soccer’s Atlanta United .

Key Points: 
  • ATLANTA, Feb. 20, 2024 (GLOBE NEWSWIRE) -- SweetWater Brewing Company (“SweetWater Brewing” or “SweetWater”), Atlanta’s premier craft brewer and a subsidiary of Tilray Brands, Inc. ("Tilray" or the "Company") (NASDAQ: TLRY and TSX: TLRY), announced today that it is now an official craft beer partner of Major League Soccer’s Atlanta United .
  • In the same way SweetWater helped establish craft brewing in Atlanta, Atlanta United has established our city as an epicenter of soccer in the United States.
  • “We’re thrilled to partner with a proud Atlanta company like SweetWater,” said Garth Lagerwey, President and CEO of Atlanta United.
  • To find more information about Atlanta United watch parties at SweetWater’s taproom and other events, please visit SweetWater’s website .

Tilray Brands Completes Acquisition of Truss Beverage Co.

Retrieved on: 
Wednesday, January 24, 2024
Drink, Molson Coors, Supply, Commercial, Mollo, Tilray, TSX, Acquisition, GND, XMG, Marketing, TLRY, Drug

LEAMINGTON, Ontario, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. (“Tilray Brands”, “Tilray” or the “Company”) (Nasdaq | TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company, today announced the completion of its acquisition of Truss Beverage Co. (“Truss Beverage”) from Molson Coors Beverage Company (“Molson Coors”) (NYSE: TAP) and the satisfaction of remaining contractual obligations.

Key Points: 
  • LEAMINGTON, Ontario, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. (“Tilray Brands”, “Tilray” or the “Company”) (Nasdaq | TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company, today announced the completion of its acquisition of Truss Beverage Co. (“Truss Beverage”) from Molson Coors Beverage Company (“Molson Coors”) (NYSE: TAP) and the satisfaction of remaining contractual obligations.
  • The Truss Beverage acquisition provides several key strategic benefits, including:
    Bolsters Tilray’s Beverage Operations in Canada.
  • Tilray plans to operate the state-of-the-art Truss Beverage facility in Belleville, Ontario to explore the production of new beverage innovations and to expand its beverage portfolio.
  • Tilray is optimizing its sales, marketing, and distribution network with GND and its recently acquired cannabis beverage brands.

A Cut Above: RIFF Cannabis Brand Expands Its Diamond Collection With New THCA ‘Liquid Diamond’ Vapes

Retrieved on: 
Tuesday, January 23, 2024
Diamond, Melon, BHO, THCA, Tilray, TSX, TLRY, Perfume

RIFF’s new liquid diamond vapes are for those who appreciate potency and purity, accompanied by maximum flavour.

Key Points: 
  • RIFF’s new liquid diamond vapes are for those who appreciate potency and purity, accompanied by maximum flavour.
  • Formulated with premium distillate, high-potency THCA diamonds, and botanical terpenes, these new high-grade, liquid diamond vapes are sure to provide highly refined and unforgettable experiences.
  • RIFF’s new release of its Liquid Diamond Vapes includes:
    Cherry Stardust: Produced with pure THCA diamonds and a burst of cherry flavours.
  • Each RIFF liquid diamond 1g 510 vape comes in premium glass with its new hemp-based mouthpiece made for superior sustainability.

Hemp-CBD Market Demand Gaining Momentum While Projected to Reach $16 Billion By 2025

Retrieved on: 
Thursday, January 11, 2024
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A report from The Brightfield Group said: “It is no surprise to see that CBD is expected to grow to $16 billion by 2025.

Key Points: 
  • A report from The Brightfield Group said: “It is no surprise to see that CBD is expected to grow to $16 billion by 2025.
  • Especially as we see people turning to various CBD products for stress management or to promote better sleep.
  • What is most notable is that this market has grown almost exclusively based on word-of-mouth.
  • Canada saw over $3 billion in CBD revenue in 2020 from various products ranging from prerolls, oils, edibles, brinks, and vapes.