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Tilray's alcohol business grows on acquisitions as cannabis faces price compression

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Cannabis company continues to shop for alcohol properties in U.S. and cannabis names in Canada as it swings to a second-quarter loss

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.

 

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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.

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