Tilray Brands Inc. is a leading global cannabis-lifestyle and consumer packaged goods company. Its core business is adult-use and medical cannabis products operating through wholly-owned subsidiaries across Canada, the US, Europe, Australia, and Latin America. Tilray is a pioneer in cannabis research, cultivation, and distribution with an unprecedented production platform supporting over 20 brands across more than 20 countries.
In Canada, Tilray leads the cannabis market in revenue, sales volume, and market share reaching 12.5% in Q2 2024. Its portfolio includes top cannabis brands like Good Supply, Redecan, Broken Coast, Solei, Mollo, and XMG spanning flower, oils, concentrates, beverages and more. The 2022 acquisitions of HEXO and Truss Beverages strengthened Tilray's market dominance and low-cost operations.
Internationally, Tilray aims to capitalize on its expertise to grow its leading position in the European medical cannabis market, where it expanded revenues 55% year-over-year in Q2 2024.
Beyond cannabis, Tilray disrupts the US craft beverage alcohol space through its 2023 acquisition of eight premium beer brands from Anheuser-Busch. This made Tilray the 5th largest US craft brewer, building on its existing portfolio that includes Sweetwater Brewing, Alpine Brewing, and more. In Q2 2024, beverage alcohol revenue more than doubled versus the prior year.
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