Irwin D. Simon

Billion-Dollar Cannabis And Beverage Giant Brings Oktoberfest Vibes To Your Glass With New Craft Beers
Tilray Acquires $23.8M Promissory Note In Deal With Double Diamond On Heels Of Brewery Acquisition
Billion-Dollar Marijuana Giant Buys Another Brewery From Molson Coors, Expands Great Lakes Footprint
Tilray Acquires $23.8M Promissory Note In Deal With Double Diamond On Heels Of Brewery Acquisition
Billion-Dollar Marijuana Giant Buys Another Brewery From Molson Coors, Expands Great Lakes Footprint
Billion-Dollar Cannabis Company Closes Acquisition Of Three US Breweries, What's Next For Tilray
Tilray Is Not Giving Up On Cannabis, Ramps Up Its Canadian Portfolio On Heels Of Buying Four US Breweries

Irwin D. Simon Recent News

Here's Where To Buy Legal Weed While Getting A Tattoo And A Beer: New Cannabis Stores In US And More
These days, smaller players in the alcohol industry are opting to venture into cannabis. As highlighted in a recent story by Green Market Report's John Schroyer,  Beer World located in Greene County, upstate New York, is eyeing an opportunity to take over a legal dispensary permit. The beer distributor intends to set up a cannabis shop in a building where its beer store is located. According to the Times Union, stores won't be sharing the same entrance though, and will be run separately. In the meantime, cannabis sales in North America seem to be thriving, if we factor in the number of new stores that are kicking off sales.
Cannabis Giant Tilray Reports 30% YoY Increase In Q3 Net Revenue, Updates FY 2024 Guidance
Tilray Brands reported on Tuesday financial results for its third quarter ended Feb. 29, 2024, revealing $188.3 million in net revenue, representing a 30% year-over-year increase. The Canadian medical cannabis company said beverage-alcohol net revenue increased 165% over the same period to $54.7 million. Global cannabis net revenue was up 33% year-over-year reaching $63.4 million, with international cannabis growth of 44% over the prior year quarter. "We made several notable achievements during the third quarter, including growing revenue across our core business segments, increasing our adjusted gross profit, reducing our convertible debt balance, progressing the integration of our recently acquired craft beverage brands, realizing operating synergies in integrating our HEXO acquisition, completing our Canadian and international cannabis cost reduction plans, and strengthening our balance sheet," Irwin D. Simon, the company's chairman and CEO, said.
Tilray's Redecan Launches Spring Lineup As Medical Cannabis Giant Ramps Up Its 'Diversification' Strategy
Tilray Brands (TSX: TLRY) continues to promote its cannabis vertical even though lately it's been ramping up its beer business vertical as a way to establish itself in the U.S. On Thursday, Canadian medical cannabis giant's Redecan kicked a new spring lineup. The expansion of Redecan's product portfolio includes the launch of its latest genetics featuring Space Age Cake available in whole flower and its Hemp'd' pre-roll collection. This resinous hybrid, offers consumers "creamy vanilla, nutty, and ammonia flavors, delivering a potent experience." Later this spring, Redecan will debut its new Redees Hemp'd Taster Series and additional new flower. The Redecan Redees Hemp'd Taster Series comes in one convenient 10-pack of pre-rolls, including five pre-rolls of Animal RNTZ, and five pre-rolls of King Sherb - both high-potency THC indicas.
Is Cannabis Replacing Beer? Canadian Study Links Weed Legalization To Drop In Alcohol Sales
Data shows that Canada is generating more excise tax revenue from cannabis than from wine and beer combined.
Tilray's Diversified Growth Strategy Is Paying Off, Here's What's Behind 34% YoY Revenue Increase In Q2
Canadian cannabis company Tilray reported a 34% increase in revenue in its second quarter of fiscal 2024. The company reported revenue of $194 million, up from $145 million in the same period last year. Tilray's cannabis net revenue increased 35% to $67 million, while beverage alcohol net revenue increased 117% to $47 million. Distribution net revenue also rose to $67 million, compared to $60 million in the same quarter last year. The company's gross profit increased 11% to $47 million, with adjusted gross profit up 18% to $52 million. Net loss in the second quarter amounted to $46 million, compared to a net loss of $62 million in the same period last year. Adjusted EBITDA stood at $10.1 million, down from $11 million in Q2 2023.
Tilray Brands Q1 Cannabis Revenue Increases 9% QoQ, Narrows Net Loss
Canadian marijuana giant Tilray Brands (NASDAQ: TLRY) (TSX:TLRY), reported its financial results on Wednesday for its first quarter of fiscal year 2024 ended August 31, 2023.
Tilray Completes Acquisition Of 8 Beer Brands From Bud Light Parent Anheuser-Busch
Cannabis company Tilray Brands, Inc. (NASDAQ: TLRY) closed its all-cash 
Tilray CEO Bullish On Beer And Cannabis Legalization, Moves Closer To $4B 'Aspirational Goal'
Tilray Brands (NASDAQ: TLRY) chairman and CEO Irwin D. Simon says his company is set to capitalize on possible cannabis legalization in the U.S. and anticipates creating beer infused with cannabis if/when it becomes legal.
New THC Beverage To Hit Shelves In Nevada Soon, New Frontier In Cannabis Consumption?
Cannabis beverage producer Nevis Brands Inc. (CSE: NEVI) has secured an agreement with Silver State Wellness to produce and distribute Major to Nevada cannabis retailers. Major is a dosable 100mg THC beverage that delivers the effects of cannabis within 10-20 minutes of consumption.
Tilray's New Cannabis Strains By Redecan: Here's Where To Find These Innovative Products
Tilray Brands, Inc. (NASDAQ: TLRY) (TSX: TLRY) is expanding its market-leading product portfolio by launching new flower genetics by the cannabis lifestyle brand Redecan.
Tilray Ramps Up Pre-Roll Production As Competition Heats Up In Canada
Tilray Brands, Inc. (NASDAQ: TLRY) (TSX: TLRY) debuted its new 'Diamonds Collection' by its Premium cannabis lifestyle brand RIFF on Wednesday
Canadian Weed Giant Wraps Up Acquisition Of Molson Coors-Backed Cannabis Beverage Producer
Tilray Brands, Inc. (NASDAQ: TLRY) (TSX: TLRY) has acquired the remaining 57.5% equity ownership of Truss Beverage Co. from beverage company Molson Coors Canada (NYSE: TAP).
Tilray Acquires 8 Beer Brands From Struggling Bud Light Parent Anheuser-Busch: Here's What It Means For Both Companies
Tilray Brands, Inc.
Tilray Brands Stockholders Approve Charter Amendment To Enhance Corporate Governance And Support Strategic Growth Plan
Tilray Brands, Inc. (NASDAQ: TLRY) (TSX:TLRY) announced that Tilray Brands’ stockholders formally approved an amendment to the company’s certificate of incorporation (the “charter amendment”).
Tilray Q2 Revenue Declines 7% YoY To $144.1M, What About Adjusted EBITDA?
Tilray Brands, Inc. (NASDAQ: TLRY) (TSX:TLRY), released financial results for the Q2 2023, revealing net revenue of $144.1 million, a 7% decrease compared to $155.2 million in the Q2 2022.
Independent Proxy Advisory Firms Recommend Tilray Stockholders Vote 'FOR' Tilray's Proposal To Protect Stockholders And Promote Accountability
Tilray Brands, Inc.
Tilray Goes Through With It: Closes $155M Investment In HEXO, Expects $80M In Shared Savings
Tilray Brands, Inc. (NASDAQ: TLRY) (TSX:TLRY) has closed its acquisition from HT Investments MA LLC (“HTI”) of the secured convertible note issued by HEXO Corp. (NASDAQ: HEXO
HEXO Deal Could Be A Big Win For Tilray, This Analyst Tells Us Why
On Wednesday HEXO Corp (NASDAQ: HEXO) reported a staggering loss of CA$152.7 million ($118 million) in the third quarter of 2022, representing a
Tilray Determined To Resolve Hexo's Debt, Signs Definitive Agreement On Heels Of Earnings
Tilray Brands, Inc.  (NASDAQ: TLRY) confirmed Tuesday it has signed a definitive agreement for a commercial and financial partnership with HEXO Corp.  (NASDAQ: HEXO).
What To Focus On Now After Tilray's Q3 Earnings Report, Analyst Shares Main Takeaways
Irwin Simon, At The Helm Of One Of The Biggest Cannabis Operators, Tilray: Meet Our Keynote Speakers
Who is the person behind the largest Canadian cannabis company in the world? That would be Irwin D. Simon, chairman and CEO of  Tilray Brands Inc. (NASDAQ: TLRY). 
BREAKING: Tilray Brands And HEXO Form Strategic Alliance, Expecting CA$50M Of Cost Synergies In Two Years
HEXO Corp. (TSX:HEXO) (NASDAQ: HEXO) is finalizing a strategic partnership with Tilray Brands, Inc.
Tilray's Revenue Dives 8% QoQ To $155M, Announces New Parent Company Name – Tilray Brands
Tilray, Inc. (NASDAQ: TLRY) (TSX: TLRY) reported Monday its financial results for the second fiscal quarter ended November 30, 2021, with net revenue of $155 million, up by around 20% from $129 million in the same period year ago and 

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