Tilray CEO Bullish On Beer And Cannabis Legalization, Moves Closer To $4B 'Aspirational Goal'
Portfolio Pulse from Maureen Meehan
Tilray Brands' CEO, Irwin D. Simon, is optimistic about the potential legalization of cannabis in the U.S. and plans to capitalize on it by creating beer infused with cannabis. Tilray recently acquired eight beer and beverage brands from Anheuser-Busch, making it the 5th largest craft beer business in the U.S. The recent recommendation from the Dept. of Health and Human Services to reclassify cannabis as a Schedule III drug is seen as a step closer to federal cannabis legalization.
September 13, 2023 | 7:30 pm
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POSITIVE IMPACT
Canopy Growth's stock price could potentially be impacted by the potential legalization of cannabis in the U.S.
The potential legalization of cannabis in the U.S. could open up a new market for Canopy Growth, potentially leading to increased revenues and a boost in its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Cresco Lab's stock price could potentially be impacted by the potential legalization of cannabis in the U.S.
The potential legalization of cannabis in the U.S. could open up a new market for Cresco Lab, potentially leading to increased revenues and a boost in its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Curaleaf's stock price could potentially be impacted by the potential legalization of cannabis in the U.S.
The potential legalization of cannabis in the U.S. could open up a new market for Curaleaf, potentially leading to increased revenues and a boost in its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Trulieve's stock price could potentially be impacted by the potential legalization of cannabis in the U.S.
The potential legalization of cannabis in the U.S. could open up a new market for Trulieve, potentially leading to increased revenues and a boost in its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Tilray's acquisition of beer and beverage brands and its plans to create cannabis-infused beer could potentially boost its revenues if cannabis is legalized in the U.S.
Tilray's acquisition of beer and beverage brands and its plans to create cannabis-infused beer positions it to capitalize on potential U.S. cannabis legalization. This could lead to increased revenues and a potential boost in its stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Anheuser-Busch's sale of eight beer and beverage brands to Tilray could potentially impact its revenues.
Anheuser-Busch's sale of eight beer and beverage brands to Tilray could potentially lead to a decrease in its revenues and a potential drop in its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50