Tilray ($NASDAQ:TLRY) Brands, Inc., a leading cannabis company, recently made an all-cash purchase of eight beer and beverage brands from Anheuser-Busch (NYSE: BUD). This purchase marks the company’s entry into the craft beer market. Tilray specializes in the research, cultivation, production, and distribution of cannabis products. It is listed on the Nasdaq Global Select Market under the symbol TLRY and has grown from a small Canadian startup to one of the largest cannabis companies in the world. The acquired brands include craft beer labels like Pyramid, Seattle Cider Company, and Cisco Brewers.
Tilray will continue to operate these brands independently, while leveraging their existing distribution networks to expand its market presence. Tilray plans to invest in marketing, branding and product innovation to further grow its craft beer business. This acquisition comes as another strategic move by Tilray to diversify its business and capitalize on the emerging craft beer market. Tilray has thus demonstrated its commitment to be a major player in the industry with this acquisition.
On Tuesday, TILRAY had a tremendous surge in its stock prices. It opened at $2.4 and closed at $3.0, soaring by a whopping 36.0% from previous closing price of 2.2. This surge could be attributed to the company’s announcement of its all-cash acquisition of Anheuser-Busch Brands, a subsidiary of craft beer maker Anheuser-Busch InBev. The acquisition will provide TILRAY with fast-growing products and brands such as Budweiser, Corona, Stella Artois and others.
This move gives TILRAY a platform to expand its presence in the craft beer market, creating new opportunities for growth and success. As part of the agreement, TILRAY will own and operate the Anheuser-Busch Brands’ brewing operations, giving them control over production and distribution. With the addition of the Anheuser-Busch brands, TILRAY is now well-positioned to capitalize on consumer demand for craft beer and become a major player in the brewing industry. Live Quote…
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At GoodWhale, we provide a comprehensive analysis of TILRAY‘s financials. Our Risk Rating for TILRAY suggests that this is a high risk investment in terms of both financial and business aspects. We have detected 3 risk warnings in the income sheet, balance sheet, and financial journal. If you are considering investing in TILRAY, you should become a registered user on GoodWhale to get full access to our in-depth analysis. Our team of financial experts will be available to answer any questions you may have about the company’s financials and help you make an informed investment decision. More…
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Its competitors are IM Cannabis Corp, Cansortium Inc, and Aurora Cannabis Inc.
Organigram Holdings Inc. is a Canada-based company, which offers various cannabis products. The company’s portfolio of brands include ANKR Organics, Edison Cannabis Co., Trailer Park Buds, and The Edison Cannabis Company. It operates through its subsidiary, Organigram Inc. The company offers dried cannabis, cannabis oils, capsules, and pre-rolls. It also provides adult-use recreational cannabis in Canada.
Consortium Inc is a publicly traded company with a market capitalization of $41.63 million as of 2022. The company has a return on equity of 25.1%, meaning that it has generated a profit for shareholders of $25.1 million over the past year. Consortium Inc is a leading provider of engineering and construction services, with a focus on the energy, industrial, and infrastructure markets. The company has a strong track record of delivering quality projects on time and on budget, and has a reputation for being a dependable partner for its clients.
– Aurora Cannabis Inc ($TSX:ACB)
Aurora Cannabis Inc is a Canadian licensed cannabis producer, headquartered in Edmonton. It trades on the Toronto Stock Exchange and the New York Stock Exchange under the ticker ACB. The company produces and sells medical cannabis products in Canada, the European Union, the United Kingdom, and Australia. Aurora also has operations in Brazil.
Tilray Brands, Inc. recently acquired eight beer and beverage brands from Anheuser-Busch in an all-cash deal. This move has had a positive impact on Tilray’s stock price, as it moved up the same day. Investors are optimistic that this acquisition could help Tilray strengthen its presence in the beverage industry, and potentially diversify its sources of revenue. Tilray has not yet revealed how it plans to use these new brands or how it will benefit from the acquisition.
However, investors will be watching closely to see if Tilray can capitalize on this new opportunity.