[8] According to one source, the world market potential for cannabis products is $94 billion by 2025. Net revenue increased 22% to $628.4 million during fiscal 2022 from $513.1 million in the prior fiscal year. Tilray Brands, Inc. Reports Record Fiscal Year 2022 Available in Ontario, Alberta, Manitoba, and Saskatchewan. Tilray’s extensive product line is made up of cannabis oils, capsules, whole flower, and ground flower. Consolidated Statements of Financial Position, Condensed Consolidated Statements of Net Income (Loss) and Comprehensive Income (Loss), Adjusted Earnings before Interest, Taxes, and Amortization, Current portion of convertible notes receivable, Common stock ($0.0001 par value; 990,000,000 shares authorized; 532,674,887 and 446,440,641 shares issued and outstanding, respectively), Accumulated other comprehensive (deficit) income (loss), Change in fair value of contingent consideration, Revenue from Canadian medical cannabis products, Revenue from Canadian adult-use cannabis products, Revenue from international cannabis products, Gross profit (excluding inventory valuation adjustments and step-up), Cannabis gross margin (excluding inventory valuation adjustments and step-up), Beverage gross margin (excluding inventory valuation adjustments and step-up), Distribution gross margin (excluding inventory valuation adjustments and step-up), Wellness gross margin (excluding inventory valuation adjustments and step-up). Good Supply's latest product lineup includes: Orange Frosting Flower: Full of orange and floral aromas thanks to its rich and unique terpene profile, this new Sativa -leaning Hybrid delivers on uplifting enjoyment. For further information about SweetWater Brewing Company, please visit www.sweetwaterbrew.com and follow @SweetWaterBrew across all social platforms. [10][8] The chief executive officer (CEO) of Aphria, Irwin D. Simon, stated that the merger strategy was to capture Tilray's business assets and public trading exposure in the United States and its free trade abilities in Europe, enabling potential for becoming a global operation. Tilray products are backed by science. We are committed to The proceeds will be used to partially . Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of Canadian securities laws, or collectively, forward-looking statements. SweetWater Spirits are tasty libations, featuring premium vodka and real citrus fruit juices. With a strong belief that an evolving scientific understanding of the cannabis industry is necessary to completely understand the benefits and risks of cannabis-based medicine, Tilray has a created a clinical research program with research partners at leading hospitals and universities around the world. Certain material factors, estimates, goals, projections, or assumptions were used in drawing the conclusions contained in the forward-looking statements throughout this communication. The increase was driven by 17.9% growth in cannabis net revenue to $237.5 million, a 150.0% increase in beverage alcohol net revenue of $71.5 million, and a 928.8% increase in wellness net revenue to $59.6 million. Raphael.Gross@icrinc.com, Internet Explorer presents a security risk. Tilray Brands, Inc. is an American pharmaceutical, cannabis -lifestyle and consumer packaged goods company, incorporated in the United States, headquartered in New York City. Tilray's experience 2103, Tilray Brands Media: Berrin Noorata, news@tilray.com, Tilray Brands Investors: Raphael Gross, (203) 682-8253, Raphael.Gross@icrinc.com. We recognize the importance of tracking potential adverse events as well as Claim your brand to make shopping your products an easy and seamless experience on Leafly. Tilray : Investors Certain statements in this communication that are not historical facts constitute forward-looking information or forward-looking statements (together, “forward-looking statements”) under Canadian and U.S. securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be subject to the “safe harbor” created by those sections and other applicable laws. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated, and presented in accordance with accounting principles generally accepted in the U.S. (“GAAP”). The strips, which are now available throughout Canada, are available in three different cannabis ratios: THC 10, CBD 20:1, and THC:CBD 10:10 (coming soon). Daily Grind Milled Flower: The Daily Grind was designed to be as easy as it gets, because let’s face it, life is hard. Made to bring strain identities to life, the Bud Squad campaign serves as a conversation starter among budtenders and consumers about signature and recognizable Good Supply core offerings. Ranjit Dhatt For more information on Tilray, visit Tilray Brands, Inc. and follow @tilray on Instagram, Twitter, Facebook, and LinkedIn. Show me This is your email . On a constant currency basis, net revenue increased 14.5%. For a more detailed discussion of these risks and other factors, see the most recently filed annual information form of Tilray and the Annual Report on Form 10-K (and other periodic reports filed with the SEC) of Tilray made with the SEC and available on EDGAR. Available in Ontario only in 14g. Tilray Expands Medical Cannabis Product Offering in Australia Login, Please enter your company and pharmacy information here to proceed further, ABN is already in use or reset your password Reset. [19], Since September 2022, Tilray has been licensed by the Polish and Italian Ministries of Health to import and distribute THC25 medical cannabis throughout Poland and Italy. Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), is a leading global cannabis-lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America that is changing people's lives for the better - one person at a time - by inspiring and empowering the worldwide community to live their very. These non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable GAAP measures. time frame that matters. tilray.com +493062933050. Tilray Inc. NEW YORK and LEAMINGTON, Ontario, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Tilray, Inc. (“Tilray”) (NASDAQ | TSX: TLRY), a global pioneer in cannabis research, cultivation, production, and distribution, today announced that its medical subsidiary, Aphria, has launched medical cannabis oral strips in THC and CBD-rich varieties. Tilray Medical Receives Approval to Extend Market 1 This press release includes certain non-GAAP financial measures, which are intended to supplement, not substitute for, comparable GAAP financial measures. SweetWater Brewery is a subsidiary of Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life. The market authorization was issued by Infarmed, the Portuguese National Authority of Medicines and Health Products, whose rigorous process in providing such consent is internationally recognized. This brand hasn’t claimed their profile yet. The forward-looking statements included in this communication are made as of the date of this communication and the Company does not undertake any obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws. | Source: The webcast will also be archived after the call concludes. Find it near you using SweetWater’s Beer Finder. The dopest content, straight to your inbox. Tilray has several global partnerships including Abinbev, the world’s largest brewer with whom they will conduct research into THC and CBD-infused beverages. [1] [2] Tilray also has operations in Canada, Australia, New Zealand, [3] [4] and Latin America, [5] with growing facilities in Germany and Portugal. Products formulations are available with THC, CBD, or a balanced blend of both cannabinoids. This move lagged the S&P 500's daily gain of 1.45%. By accessing this site, you accept the Terms of Use and Privacy Policy. Our team of 130+ professionals on the ground in 5 They also offer several cannabis-based products including vaporizers, glass jars, stash boxes, humidors, and more. Tilray Brands, Inc. Announces Pricing of Registered Offering of $150 ... [8] The merged companies will keep Tilray's name and trade under the Tilray ticker symbol, TLRY, on the NASDAQ exchange. MyDosage provides you with trustworthy and unbiased information about the use of cannabinoids. Your support ID is: 17036164252096306786. Net revenue increased 22% to $628.4 million during fiscal 2022 from $513.1 million in the prior fiscal year. Management believes that the non-GAAP financial measures presented provide useful additional information to investors about current trends in the Company's operations and are useful for period-over-period comparisons of operations. Your support ID is: 17036164252107263602. It’s about all of us. Copyright © 2021 tilray. The brand’s latest product releases include larger packs of pre-rolls, new pre-roll strains, and new hash and milled flower products, available in select provinces across Canada. They should be read only in connection with the Company's Consolidated Statements of Operations and Cash Flows presented in accordance with GAAP. ET. Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), is a leading global cannabis-lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America that is changing people's lives for the better – one person at a time. On February 9, 2021, we announced a new agreement with Grow Pharma to import and distribute Tilray medical cannabis products in the United Kingdom. As a result, the foreign currency impact is equal to the current year results in local currencies multiplied by the change in average foreign currency exchange rate between the current fiscal period and the corresponding period of the prior fiscal year. Please enable JavaScript to view the page content. PDF Tilray PURIFIED ORAL SOLUTION CBD100 Tilray: Shares Plunge on Dilutive Convertible Notes Offering, but ... They have products available in extract form and dried flower. For further information: A reconciliation of Adjusted EBITDA to net loss, the most directly comparable GAAP measure, has been provided in the financial statement tables included below in this press release. Progress on Expanding International Medical Business and Canadian Adult-Use Product Line. Tilray Brands, Inc. Please see the heading "Risk Factors" in Tilray's Quarterly Report on Form 10-Q, which was filed with the Securities and Exchange Commission on November 9, 2020, for a discussion of the material risk factors that could cause actual results to differ materially from the forward-looking information. Many factors could cause actual results, performance, or achievement to be materially different from any forward-looking statements, and other risks and uncertainties not presently known to the Company or that the Company deems immaterial could also cause actual results or events to differ materially from those expressed in the forward-looking statements contained herein. The outcome of this work is that we have driven top line growth across our markets, significantly improved our operating performance, and strengthened our balance sheet.”, He continued, “We are confident that our proactive steps to plan for the evolution of the cannabis business in each of our markets has positioned Tilray Brands to be at the forefront of the industry on a global basis while delivering profitability and driving shareholder value.”, Financial Highlights - 2022 Fiscal Fourth Quarter1, Cost-Saving Synergies and Strengthened Balance Sheet. [6][7], In December 2020, the company announced a merger with Aphria, and will operate under the Tilray name and its ticker symbol on NASDAQ[8] and the Toronto Stock Exchange. ↳ Show More. Tilray has taken a scientific approach to product development and all products are created with thorough attention to detail. To learn more about Good Supply, visit www.goodsupplycannabis.com and follow @goodsupplycannabis. [8] Irwin was named as CEO and chairman of the board for the merged company, and Tilray CEO, Brendan Kennedy, will be a member of the board of directors. In addition, these non-GAAP measures may not be the same as similar measures provided by other companies due to potential differences in methods of calculation and items being excluded. Register as a Pharmacy. Tilray Brands, Inc. is an American pharmaceutical, cannabis-lifestyle and consumer packaged goods company, incorporated in the United States, headquartered in New York City. [38], "Tilray Focuses on Brand Growth in Crowded Canada Pot Market", "Tilray Brands, Inc. Class 2 Common Stock (TLRY)", "Tilray Stands Out with its Global Supply Agreements", "Tilray exports medical cannabis to New Zealand for national dispersal", "Tilray sets up Latin American subsidiary", "Tilray to build $30 million EU cannabis production operation in Portugal - Financial Post", "Tilray Stock: As Germany Closes in on Legal Cannabis, Rest of Europe Might Follow", "Aphria, Tilray combine to create biggest cannabis company", "Tilray Commences Trading on the Toronto Stock Exchange Under Symbol "TLRY", "Seattle's Privateer launches $100M IPO for its Canadian marijuana company", "Tilray IPO: Five things to know about the first pot company to go public on Nasdaq", "Tilray shows the highs, lows of investing in pot", "How the Canadian cannabis company Tilray became worth more than American Airlines", "Shares of pot company Tilray surge in first day of trading on Nasdaq", "Canadian producer Tilray to export medical cannabis to U.S. for clinical trial - Globalnews.ca", "Tilray Signs Deal With Big Pharma Company Sandoz", "Tilray Launches High Park Company to Produce and Distribute Adult-Use Cannabis in Canada", "Tilray Medical Receives Approval to Extend Market Authorization in Italy", "Big Pharma's first foray into cannabis arrives with Sandoz-Tilray deal | Financial Post", "Brewer AB InBev partners with Tilray to tap cannabis drink market", "Tilray signs creative $250-million revenue-sharing deal with U.S. brand powerhouse ABG | Financial Post", "Tilray Eyes CBD Food And Drink Market With Manitoba Harvest Acquisition", "Manitoba Harvest enters 'wild, wild west' CBD market in U.S.", "Tilray to Acquire Natura Naturals Holdings Inc. for up to C$70 Million Subject to Performance Milestones", "Tilray to buy Natura for up to $70M, doubling Canadian cannabis growing capacity | CTV News", "High Park Gardens Licensed Cannabis Greenhouse In Leamington To Close | windsoriteDOTcaNews", "Tilray acquires boozy candy company Smith & Sinclair to develop CBD edibles", "Tilray signs deal to acquire Alberta cannabis retailer Four20", "Tilray Brands Reports Third Quarter Fiscal Year 2023 Financial Results and Announces Accretive Acquisition of 100% of HEXO Corp", "First Canadian paediatric study of mixed THC/CBD cannabis oil shows promise for children with drug-resistant epilepsy", "UBC & Tilray Launch Clinical Trial to Study Medical Cannabis & PTSD - Business Examiner", "Tilray signs first deal to supply pot to Europe out of new Portugal facility", "Tilray partners with Coimbra University to study medical cannabis", "Canadian pot company Tilray ships CBD to US for clinical trials on alcohol and PTSD", https://en.wikipedia.org/w/index.php?title=Tilray&oldid=1149215852, This page was last edited on 10 April 2023, at 21:07. Tilray Tilray®. Good Supply Cannabis Brand Launches New Product Lineup. The complete GMP-certification allows Tilray to manufacture medical cannabis extracts in-house and export GMP-produced finished medical cannabis products, both dried flower, and oil, from Portugal throughout the European Union and other international markets with authorized national medical cannabis programs. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: the Company’s ability to become the world's leading cannabis-focused consumer branded company and achieve $4B in revenue by the end of fiscal 2024; the Company’s ability to generate $70-$80 million of Adjusted EBITDA and expectation to be free-cash flow positive in its operating business units in FY 2023; the Company’s ability to achieve operational scale, market share, distribution, profitability and revenue growth in particular markets, including in Canada, the U.S. and the EU; and the Company’s ability to successfully achieve the expected production efficiencies, synergies and cost savings relating to the HEXO transactions and agreed commercial arrangements; and the Company’s anticipated investments, including in organic and strategic growth, partnership efforts, product offerings and other initiatives.
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