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Tilray Brands diversifies business beyond cannabis into beverages and global consumer goods

The Motley Fool +1 · ·by G4L

TLRY
TLRY Tilray Brands Inc
$2.85 -2.40%
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  1. 1Tilray Brands has dramatically shifted its business direction to broaden its portfolio.
  2. 2Tilray Brands recorded an 82% year-over-year increase in beverage revenue in the first quarter.
  3. 3Tilray Brands recorded $56.1 million in cannabis sales revenue in the first quarter.

So what's the key point?

Tilray Brands has expanded its business into beverages instead of just cannabis. The business structure is changing as beverage revenue increased by 82%.

Source The Motley Fool +1 · View original ↗

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