Reported 28 days ago
Tilray Brands, Inc. (NASDAQ: TLRY) has strengthened its beverage portfolio by acquiring four craft beer brands from Molson Coors as part of its strategy to diversify and expand within the cannabis and wellness markets. Despite a slight decline in quarterly revenues and a net loss attributed to non-cash charges, Tilray's adjusted earnings exceeded expectations. The company is also leveraging AI technology in its operations and has seen a boost in investor confidence following the CFO's recent share purchase, indicating a positive outlook for the firm's future.
Source: YAHOO