Tilray’s Strategic Pivot: Beer Brand Revamp Amid Cannabis Volatility

Tilray shares are currently trading near their 52-week lows, a position from which the company is actively pursuing an operational transformation. While investors await a potential bottom in the cannabis sector, the company is making decisive moves to bolster its alcohol division as a counterbalance to its core business’s inherent unpredictability.

The recent sell-off in January was precipitated by tangible financial results. On January 8, Tilray reported record revenue for its second fiscal quarter, driven by international cannabis and beverage sales. However, the market’s reaction was decidedly negative due to a pronounced lack of profitability. The company posted a net loss of $0.41 per share, a figure that fell well short Read more...