Hexo, Tilray finalize cannabis deal for debt purchase, ‘strategic alliance’

Major Canadian cannabis producers Hexo and Tilray Brands signed a definitive agreement for a “strategic alliance,” with Tilray acquiring Hexo debt in exchange for the right to purchase Hexo shares.

Tilray launches cannabis edible in Quebec despite restrictive regulations

Canadian producer Tilray Brands has launched a line of cannabis edibles in Quebec, working around the provincial government’s strict rules regarding such products.

Tilray hemp foods subsidiary to expand offerings in Whole Foods

Tilray’s hemp food subsidiary, Manitoba Harvest, plans to launch a new line of hemp powders blended with green tea leaves and other greens through grocery chain Whole Foods Market.

Tilray reports positive adjusted EBITDA, but cannabis sales fall sharply

Tilray reported positive adjusted EBITDA of $10 million (12.5 million Canadian dollars) for the three months ended Feb. 28, about 24% lower than the previous quarter after its cannabis sales tumbled to $55 million in the three-month period.

Cannabis producer Tilray throws rival Hexo lifeline via $211 million debt purchase, alliance

New York-based Tilray Brands said Thursday it plans to acquire up to $211 million (267.5 million Canadian dollars) in outstanding senior secured notes issued by Hexo Corp., effectively throwing its troubled rival a lifeline and striking an alliance with the Quebec cannabis producer.

Marijuana producer Tilray buys two more craft beer brands for $5.1 million

Marijuana producer Tilray Brands acquired two California craft beer brands in late 2021, Alpine and Green Flash, in a cash and stock deal worth $5.1 million (6.4 million Canadian dollars), according to a new regulatory disclosure.

Tilray, Budweiser maker AB InBev end cannabis beverage partnership

The world’s leading brewer, AB InBev, and Canada’s leading cannabis producer by market share, Tilray, have ended their partnership, the New York-based cannabis company quietly acknowledged in a regulatory filing early Monday.

Tilray misses ‘muted expectations’ on plunging cannabis sales

Tilray reported net revenue of $155. 1 million (196 million Canadian dollars) in the quarter ended Nov. 30, considerably lower than consensus expectations of $170 million in cannabis sales, citing coronavirus-related headwinds, supply-chain issues and a lower share of the key Canadian market.

Analysts cut hundreds of millions from Tilray, Canopy, Aurora marijuana sales forecasts

Analysts have slashed hundreds of millions of dollars off their 2022 sales forecasts for three Canadian cannabis producers, reflecting an increasingly competitive landscape across the adult-use industry, falling overall prices and poor execution by some executive teams.

Canadian marijuana company Tilray acquires Colorado distillery for $102.9M

Canadian marijuana producer Tilray has taken another step into the U.S. alcohol industry by acquiring Colorado-based Breckenridge Distillery for an undisclosed sum, with plans to launch cannabis-infused whiskey.

Marijuana firm Tilray’s executive pay gets cool reception from shareholders

Shareholders approved Tilray’s executive compensation scheme in a nonbinding vote at the marijuana company’s annual general meeting Tuesday, but the results fell short of an overwhelming endorsement.

Tilray’s share of Canadian cannabis market plummets, but Auxly shines, data shows

Canadian cannabis producer Tilray has seen around one-third of its market share in Canada evaporate since it merged with Aphria in May, new data suggests, while rival Auxly Cannabis Group has more than doubled its position over the same period.