Search: Tilray

Canadian Cannabis Company Tilray is Merging the Worlds of Cannabis and Alcohol

Tilray, the largest cannabis company in Canada and the world, is blazing a path others may soon follow, getting into the alcohol business. While this might seem a no-brainer, both industries deal in intoxicants, so far, any merging of interests has been strictly one-sided, with only large alcohol entities investing in the once hyped cannabis market up north. But, given…

Tilray Q2 Cannabis Sales Decline 17% Sequentially to $58.8 Million as Adult-Use Sales Drop 30%

Tilray, Inc. Reports Profitable Second Quarter Fiscal Year 2022 Financial Results New Parent Company Name, TILRAY BRANDS, Reflects Growing Portfolio of Leading, Global CPG Brands Net Revenue Increased ~20% to $155 Million from the Prior Year Quarter Net Income Improved $95 Million to $6 Million from the Prior Year Quarter Adjusted EBITDA of $13.8 Million, […] READ MORE: https://www.newcannabisventures.com/tilray-q2-cannabis-sales-decline-17-sequentially-to-58-8-million-as-adult-use-sales-drop-30/

Tilray’s Sinking Share of the Canadian Cannabis Market

You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. Subscribe to receive our free weekly newsletter in […] READ MORE: https://www.newcannabisventures.com/tilrays-sinking-share-of-the-canadian-cannabis-market/

Tilray Stock: Betting on U.S. Marijuana Legalization

Cannabis stock Tilray had underwhelmed shareholders in 2021. However, the eventual legalization of cannabis in the U.S. will treat TLRY shareholders to a new high. Canada-based Tilray  (TLRY) – Get Tilray, Inc. Report is one of the most talked-about stocks on online forums like Reddit. But the cannabis company’s share price saw both highs and lows in 2021. Volatility in TLRY shares was…

This Cannabis Co. Beat Tilray As Best Performer Among Canadian LPs As Stocks Plunge Over 13%

It seems the losing streak continues for the Canadian Cannabis LP Index for the sixth month now, after declining 13.5% in December to 194.95, New Cannabis Ventures writes. (Click for Benzinga article) After a 1% gain in June, the index retreated nearly 27% in the third quarter. The index, which fell 30.1% in 2020 to end at 275.16, dropped 26% in the fourth quarter and 29.2%…

Why Tilray, Aurora Cannabis, and Canopy Growth Are Glowing Green

Analysts at investment bank Wells Fargo initiated coverage across the sector, warning of overvaluation among marijuana companies and suggesting investors turn their attention to hydroponics suppliers instead — but marijuana stocks leapt higher anyway. As of 12:35 p.m. ET, shares of Tilray (NASDAQ: TLRY) are gaining 4.6%, and both Aurora Cannabis (NASDAQ: ACB) and Canopy Growth (NASDAQ: CGC) are up…