Tilray BrandsNASDAQ: TLRY

Tilray Brands, Inc. (TLRY) closed at $1.66 in the latest trading session, marking no change from the prior day.

Tilray Brands, Inc. (TLRY) closed the most recent trading day at $1.69, moving -0.59% from the previous trading session.

NEW YORK, June 14, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. (“Tilray Brands” or “Tilray”) (Nasdaq | TSX: TLRY), a leading global lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, announced today a men's health initiative launching on Father's Day, June 16, 2024, with Montauk Brewing and Blue Point Brewery brands. In a world where conversations often revolve around work, sports and current events, men's health remains a largely unspoken topic.

Tilray Brands is a leading cannabis producer in Canada, but its growth prospects depend in large part on whether the U.S. will legalize pot in the near future. But even if that doesn't happen, odds are the business will continue to grow its operations via acquisitions.

Tilray Brands is raising money through an at-the-market offering. The money is going to be used to fund acquisitions.

Tilray Brands won't be generating more cash than it spends this year. It had previously advised investors to expect the opposite.

Tilray Brands Inc. is preparing for the potential reclassification of marijuana as a less harmful substance in the U.S. and is seeking to raise funds by selling shares in order to support its expansion efforts.

SweetWater Brewing Company, a major craft brewery in the Southeast and a subsidiary of Tilray Brands, Inc., has launched its new Sunset Sippin' Cocktail Inspired Hard Seltzers, designed to offer a relaxed, tropical drinking experience. The Sunset Sippers are now on shelves in the Southeast and some national markets.

Investing in Tilray Brands and Bitcoin carries a significant amount of risk. While Tilray has big goals, it is facing ongoing challenges.