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Tilray Brands

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finance1 year ago

Tilray's Stock Plummets on Weak Earnings and Forecast Cut

Tilray Brands' disappointing sales and net loss report have negatively impacted the entire marijuana stock market, with shares of Cronos Group, Canopy Growth, and Aurora Cannabis all suffering significant declines. Despite some growth in sales, Tilray's failure to achieve positive free cash flow has raised concerns about the prospects for the entire cannabis industry, leading analysts to predict that even larger companies like Aurora Cannabis, Canopy Growth, and Cronos may struggle to generate positive cash profits in the foreseeable future. As a result, investors are advised to exercise caution when considering investments in marijuana stocks, including Tilray Brands.

via Yahoo Finance|
#cannabis-industry#finance#financial-forecast
finance2 years ago

Tilray's Revitalization Strategy: Craft Beer Boom Saves Stock from Cannabis Slowdown

Despite reporting a near "earnings beat," Tilray Brands' stock plummeted 10% as it narrowly missed revenue expectations and experienced declining profit margins in its cannabis, beer, and distribution businesses. The company's guidance for the rest of the year lacked detail, leading to investor skepticism, especially considering its increased negative free cash flow.

via The Motley Fool|
#cannabis#earnings#finance
business2 years ago

Tilray's Record Q2 Revenue Boosted by Craft Beer Boom

Tilray Brands reported a record net revenue of $194 million for the second quarter of fiscal year 2024, marking a 34% increase over the prior year period. The company achieved growth in Canadian cannabis net revenue and international cannabis net revenue, as well as a significant increase in beverage alcohol net revenue. Additionally, Tilray Brands is on track to achieve $30-$35 million in annual savings related to the integration of the HEXO acquisition and has reiterated its financial guidance for fiscal year 2024. The company's strategic growth actions include expanding its beverage portfolio and strengthening its position in the global cannabis market.

via GlobeNewswire|
#beverage-alcohol#business#cannabis
business2 years ago

Tilray Brands Secures Dominance in U.S. Craft Beer Market with Anheuser-Busch Acquisition

Tilray Brands has completed its acquisition of eight beer and beverage brands from Anheuser-Busch, including Shock Top, Breckenridge Brewery, Blue Point Brewing Company, and 10 Barrel Brewing Company. With this acquisition, Tilray Brands solidifies its position as the 5th largest craft beer business in the US market and the top craft brewer in the Pacific Northwest. The company aims to leverage its diversified growth strategy and expand its presence in the high-growth beverage sector, including non-alcoholic beverages, energy drinks, and nutritional drinks.

via GlobeNewswire|
#acquisition#anheuser-busch#beverage-industry
business2 years ago

Implications of Anheuser-Busch brand sale on St. Louis

Tilray Brands, the largest cannabis company in the world, is expanding its presence in the alcohol market by acquiring eight beer and beverage brands from Anheuser-Busch InBev, including Shock Top, the only brand with St. Louis ties. This move is seen as part of Tilray's strategy to build its craft portfolio and establish itself as a national player in the craft beer industry. The sale is not believed to be a result of recent controversies surrounding AB InBev, but rather a long-term plan. The impact on the St. Louis workforce remains uncertain.

via KTVI Fox 2 St. Louis|
#acquisition#anheuser-busch#business
business2 years ago

Tilray Expands Beverage Portfolio with Acquisition of Eight Beer Brands from Anheuser-Busch

Tilray Brands, a leading global cannabis-lifestyle and consumer packaged goods company, has announced an agreement to acquire eight beer and beverage brands from Anheuser-Busch. The acquisition includes brands such as Shock Top, Breckenridge Brewery, and Blue Point Brewing Company. This move is expected to position Tilray as the 5th largest craft beer brewer in the U.S. with a 5% market share. The acquisition is projected to generate approximately $300 million in pro forma revenue and strengthen Tilray's presence in the U.S. craft beer industry. The transaction is set to close in 2023.

via Yahoo Finance|
#acquisition#anheuser-busch#business