Tuesday, October 7, 2025

Latest

Tilray Acquires Colorado Distillery To Expand Footprint In US “Upon Federal Cannabis Legalization”

Tilray (TSX: TLRY) evidently can’t decide if it wants to be a cannabis firm, or a beverage alcohol company. The firm this morning announced it will be acquiring Breckenridge Distillery, a distilled spirits firm based in Colorado.

Breckenridge is said to be heavily focused on both bourbon whisky as well as craft spirits, which it brings to consumers via “experiential marketing” and “highly effective social media outreach.”

While the deal is said to be immediately accretive to EBITDA, financial details of the transaction were not provided, nor were financial details of the firm. The most disclosed in this arena is that adjusted EBITDA margins are currently at 25%.

The transaction was attempted to be framed by Tilray CEO Irwin Simon as a transaction that will be used to leverage CPG brands into the THC-based product space upon US federal legalization. Further, the company attempted to claim the transaction will provide Tilray with “a larger footprint in the U.S. market upon federal cannabis legalization.”

This “larger footprint” is expected to be delivered via non-alcoholic distilled spirits that are instead infused with cannabis, which is said to include bourbon whiskey.

Lastly, the company intends to grow the brand into a “true national brand,” with just 15% of the firms revenue generated outside of the state of Colorado currently. This is expected to be done via the firms SweetWater nationwide infrastructure.

Tilray last traded at $11.94 on the TSX.


Information for this briefing was found via Edgar and Tilray. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Tilray Brands Proposes Reverse Split Of Up To 20-To-1 To Regain Nasdaq Compliance

Tilray Brands (TSX: TLRY) is seeking shareholder approval to conduct a reverse stock split in...

Thursday, April 17, 2025, 09:16:32 AM

Tilray Sinks 22% In Pre-Market Trading After Lending Shares To Shorts For Note Offering

Tilray Brands (NASDAQ: TLRY) is currently down nearly 23% in pre-market trading follow the after-hours...

Friday, May 26, 2023, 09:01:57 AM

Tilray Quietly Announces US$400 Million At-The-Market Financing

Tilray Brands (TSX: TLRY) this morning attempted to quietly announce that it will be conducting...

Thursday, March 3, 2022, 08:19:02 AM

BofA Terminates Coverage On Tilray, Aurora Cannabis

On November 18th, Bank of America terminated coverage on Tilray Inc (TSX: TLRY) and Aurora...

Friday, November 19, 2021, 11:47:00 AM

Tilray Sees Revenue Decline On A Sequential Basis In Third Quarter

Tilray Brands (TSX: TLRY) this morning posted its third quarter financial results. Despite much blustering...

Wednesday, April 6, 2022, 07:58:49 AM