Tilray Is Not Giving Up On Cannabis, Ramps Up Its Canadian Portfolio On Heels Of Buying Four US Breweries
Portfolio Pulse from Jelena Martinovic
Tilray Brands, Inc. (NASDAQ:TLRY) is expanding its cannabis portfolio in Canada with a new strain, Milk & Cookies, under its Broken Coast brand. Concurrently, Tilray is growing its U.S. brewery business by acquiring four craft breweries from Molson Coors, enhancing its presence in the U.S. market.
August 22, 2024 | 3:26 pm
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Tilray is expanding its cannabis offerings in Canada with a new strain and has acquired four U.S. craft breweries, indicating a strategic growth in both cannabis and beverage sectors.
Tilray's launch of a new cannabis strain in Canada and acquisition of four U.S. craft breweries from Molson Coors are strategic moves to expand its market presence in both cannabis and beverage sectors. This diversification and expansion could positively impact Tilray's stock in the short term as it strengthens its position in key markets.
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