Saturday, October 25, 2025

Latest

Tilray Obtains German Cannabis License Under New Regulations

Tilray Brands (TSX: TLRY) is reportedly in the process of expanding its operations in Germany, where it says it is the first operator to be granted a new cannabis cultivation license under the new Cannabis Act known as MedCanG.

The license, which was granted to Aphria RX GmbH, will enable Tilray to expand its product offering from three strains up to 31 approved strains in the country. The company says it intends to replicate its Broken Coast operations in-country to enable the production of craft-quality cannabis.

“We see tremendous growth opportunities stemming from Germany’s landmark cannabis policy update. The new German medical market opportunity equates to about $3bn while the European opportunity, could represent a powerful growth market consisting of a potential $45bn medical market alone,” commented CEO Irwin Simon earlier this year when speaking to the modified regulations in Germany.

Aphria, under prior regulations, was previously granted approval to grow up to five lots of cannabis, or 1,000 kgs, to produce three approved strains of cannabis. The change in regulations within the country however has resulted in the need for expanded cultivation capacities to meet an expected increase in the number of both patients and prescribers.

Tilray last traded at $2.47 on the TSX.


Information for this briefing was found via Edgar, and the companies mentioned. 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

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

FOUR20 Acquires Funding For Litigation Against Tilray

It seems that previously reported litigation against Tilray Inc (NASDAQ: TLRY) will be proceeding following...

Monday, October 5, 2020, 09:01:48 AM

Cantor Releases Industry Report For Cannabis, Aphria Remains Top Pick

Recently, Cantor Fitzgerald released their monthly review of Hifyre data for the four weeks ending...

Sunday, October 4, 2020, 01:57:00 PM

Aphria Shareholders Approve Merger, Tilray Pushes Vote To April 30

Aphria Inc (TSX: APHA) (NASDAQ: APHA) has seen its shareholders approve the proposed merger with...

Thursday, April 15, 2021, 07:16:00 AM

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

Hexo Corp Defaults On Secured Convertible Debt, Lender Waives Event Due To Tilray Deal

The inevitable has finally happened. Hexo Corp (TSX: HEXO) this morning formally indicated that it...

Monday, March 14, 2022, 07:38:46 AM