Tilray Brands Inc. CEO Irwin Simon is keeping an eye out for more acquisitions on both sides of the Canadian border as the company looks past its second-quarter loss toward growth potential in the alcohol business in the U.S. and the adult use cannabis in the Great White North.
Tilray is not expecting U.S. legalization of cannabis on a federal level in the near future, so it sees opportunities to grow its business through the alcohol business.Also Read: Verano cannabis cultivation takes root in massive ex-retail space as legal industry gears up Meanwhile, cannabis sales fell 15% to $49.9 million when factoring in a weaker Canadian dollar, price pressure and a one-time charge of $3.1 million related to the return of a product in Israel.
irwin simons wallet is growing not the co. most over paid CEO there is.
CucinottaDave
Wtf people who invest in weed probably don’t want to invest in alcohol.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheStarPhoenix - 🏆 253. / 63 Read more »