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Tilray Brands, Inc.

Company Profile Analysis

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Tilray Brands, Inc. - Healthcare showcase

Year Founded & Workforce

2012-12-31

1,800 Employees

Industry

Healthcare

Services

T

Tilray Brands, Inc. Overview

Company Headquarter: Ontario, Canada

Founded: 2013

Workforce: ~1800

Company Working: Tilray Brands, Inc. (Tilray) engages in the research, cultivation, production, and distribution of medical cannabis and cannabinoids. The company is focusing on medical cannabis research, cultivation, processing, and distribution of cannabis products worldwide. Its products include dried cannabis and cannabis extracts. It operates through the following segments: cannabis and hemp. The cannabis segment sales consist of adult-use, medical, and bulk sales of cannabis under-regulated licenses and sold to retail, wholesale, pharmacy, government, and direct to the patient. The hemp segment sales consist of hemp seed, hemp foods, board spectrum hemp extract containing CBD sold in an unlicensed operation and sold to retail, wholesale, and direct to consumers. It is a GMP-certified medical cannabis producer, which supplies cannabis flower and extract products to tens of thousands of patients, physicians, pharmacies, hospitals, governments, and researchers on five continents. Its subsidiaries include Manitoba Harvest (Canada), High Park Company (Canada), Tilray Australia & New Zealand, Tilray Canada, Tilray Europe, and Tilray Latin Americas. In 2018, the company created a Medical Advisory Board, which guides its clinical trial selection process and product development initiatives. It has seven production and processing facilities, including one in Portugal, three cultivation sites in Ontario & British Columbia, and three processing facilities in Manitoba & Ontario. In May 2021, Tilray and Aphria Inc. (Canada) announced their merger in an all-stock deal.

The company is directly present in more than 10 countries and has a strong presence in all the established markets such as North Americas, Europe, Africa, and Australia. It also focuses on the research and development of innovative products and spends a significant amount of revenue on R&D

Strategy

Tilray's strategy to focus on international expansion. The Canadian cannabis producer reported better-than-expected sales but missed on the bottom line due to a lack of supply in Canada and high international expansion costs. Tilray is focusing its strategy on consumer products and medicinal markets by collaborating with pharmaceutical giants for clinical trials across the globe. Its recent mergers and acquisitions are anticipated to increase the availability of cash flow further fueling expansive strategies.

Company Snapshot

$179.3M

Revenue

1,800

Employees

2012-12-31

Founded

SWOT Analysis

Strengths

  • Presence in the international market
  • Robust supply chain
  • Strong collaborative partnerships

Weaknesses

  • Falling profits in recent years
  • Negative cash flows

Opportunities

  • Partnerships and collaborations for product line expansion
  • Improving cash flows

Threats

  • Fluctuating raw material prices
  • Rising competitors in the market

Key Developments

DateApproachDevelopment
October 2022ExpansionTilray Brands, Inc. relaunches cannabis oral solution across Ireland to expand its footprint across Ireland.
August 2022Product launchTilray Brands, Inc. launched its comprehensive range of THC and CBD products in Canada.
June 2022ExpansionJune 2022 Tilray Brands, Inc. expands portfolio of medical cannabis products in the UK. Tilray is offering differentiated range of high THC products.
February 2022Product launchTilray Brands, Inc., medical cannabis division launched its product in Malta. It is providing patients with safe and reliable access to high-quality medical cannabis.
December 2021MergerTilray Brands, Inc. and Aphria, Inc. (Canada) have announced their merger in an all-stock deal that creates the world’s largest cannabis company by sales.
August 2021Product launchTilray Brands, Inc. launched the medical cannabis edibles in THC and CBD-rich varieties of chocolates and soft chew gummies. These helps in pain management and anxiety treatment.
May 2021ApprovalTilray Portugal, a subsidiary of Tilray Brands, Inc. received approval in for Good Manufacturing Practice (GMP) certification in accordance with European Union standards, for its manufacturing facility in Cantanhede, Portugal. This GMP certification expands the company’s international export capacity to serve authorized medical cannabis markets. The company can export its cannabis products throughout European Union and other international markets with legal, medical cannabis regulations.
January 2021AgreementTilray Brands, Inc. entered into a strategic agreement with Canndoc Ltd. (Israel), a wholly owned subsidiary of InterCure Ltd. (Israel), through its wholly owned subsidiary Tilray Portugal Unipessoal Lda., to export a wholesale shipment of up to 2.5 tons of medical cannabis from Portugal to Israel.
December 2019ExpansionDecember 2019 Tilray Brands, Inc. expanded its global presence with successful export to Switzerland. Switzerland becomes the 14th country where patients can access Tilray’s medical cannabis products.
December 2019PartnershipTilray Brands, Inc. formed a research innovation partnership with the University of Coimbra to study medical cannabis. The strategic research partnership aims to support the further development of cannabis-derived medical products.

Product Offering

  • Tilray Brands, Inc.
    • Medical Cannabis

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Tilray Brands, Inc. as part of our ongoing coverage of the Healthcare sector, drawing on public company data, filings, and market intelligence.

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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
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Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Tilray Brands, Inc.

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