Its strategic ambitions for its beer business are quickly becoming a reality. With its shares down by 25% in the last 12 months, investors seem to be passing on Tilray Brands (TLRY -3.63%) stock, and it's easy to see why. Despite years of expansion in its cannabis segment, it hasn't yet proven that it can actually make being a shareholder worthwhile. That may change soon, due to three new developments that support the bull thesis for the stock. While it's still a risky purchase, if it can move toward effici ...

Expanding into alcohol has helped Tilray grow its operations and improve its bottom line. Tilray Brands (TLRY 3.21%) is no stranger to acquisitions. That has been a key part of its growth strategy and a way for it to expand its operations over the years. That has allowed it to grow its sales without having to rely on competing in a saturated Canadian cannabis market where margins are low and profitability is difficult to achieve. At the same time, rather than waiting for the U.S. to legalize marijuana, it h ...

Its latest big play in craft beer is likely to be the most financially beneficial. As a multinational alcohol and cannabis company, it's no surprise that Tilray Brands (TLRY 1.07%) has more than one iron in the fire. What might come as a surprise is that it has so many different irons in the fire that it can advance a handful of its plans at once without slowing down. But the question of whether these efforts make the stock worth investing in is a separate issue. After all, it's easier for a business to bur ...

The latest trading session saw Tilray Brands, Inc. (TLRY) ending at $1.89, denoting a +1.07% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.42%. On the other hand, the Dow registered a gain of 0.14%, and the technology-centric Nasdaq increased by 0.57%. Coming into today, shares of the company had lost 1.06% in the past month. In that same time, the Consumer Staples sector gained 3.59%, while the S&P 500 gained 1.77%. The upcoming earnings release of Til ...

TORONTO, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), a leading global lifestyle and consumer packaged goods company today announced the expansion of its Solei cannabis product lineup. With the positive receptivity from their first initial launch of beverages last summer of 2023, Solei has launched two additional infused sparkling beverages with a focus on lower THC, and dominant CBD and CBG cannabinoids that now come in Blood Orange and Dark Cherry. For on-the-go conveni ...

GAINESVILLE, Fla., Aug. 14, 2024 (GLOBE NEWSWIRE) -- The Shock Top Company, a subsidiary of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY) announces the first craft beer partnership with the Florida Athletic Department. Raise your glasses Gator fans because Shock Top, the king of zest, is officially stepping into the Swamp! As the proud and first craft beer sponsor of Gator Athletics, Shock Top will create an immersive fan experience at games and beyond with the Florida Gators' first officially licensed c ...

Tilray's Strategic Acquisition Will Strengthen its Craft Beer Leadership in the U.S. and Solidify Tilray Beverages as the #1 Craft Brewer in the Pacific Northwest and #1 in Georgia; Anchors Tilray in Key Markets, Texas and Michigan Tilray's Beverage Division Projected to Grow New Beer Accounts by 30% NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. ("Tilray", "our", "we" or the "Company") (Nasdaq: TLRY; TSX: TLRY), a global lifestyle consumer packaged goods company elevating lives through mom ...

The company's hopes for growth in foreign countries got a boost from Germany. The world outside North America might just be warming up to marijuana legalization, if recent developments in Europe are any indication. This past April, German legislators passed the Cannabis Act -- a set of measures both legalizing (to a limited extent) the recreational cannabis market, and expanding the market for medical pot. Happily for Tilray Brands (TLRY -3.24%), the Canadian weed company was already a force on the (admitte ...

The company achieved some impressive growth last quarter while also shrinking its losses. Posting true, unadjusted accounting profits in the cannabis industry is no small feat. That's especially true in Canada, where competition is fierce due to a growing number of competitors. One Canadian-based cannabis company that has been showing significant progress in strengthening its financials is Tilray Brands (TLRY 5.71%). While the company has often posted positive adjusted earnings numbers, it finally looks lik ...

FORT COLLINS, Colo., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Breckenridge Brewery, a Colorado-based craft brewer with over 30 years of experience brewing approachable, well-balanced beers, announces the opening of its new brewery location in Fort Collins. With doors opening in early August 2024, the new 10,000- square-foot Breckenridge Brewery offers a full restaurant experience and a new vibrant atmosphere in the heart of Fort Collins for all to enjoy. The new location will be a full-service restaurant, upholdin ...