It’s Been 5 Years Since Tilray Merged With Aphria to Create a “Global Cannabis Leader.” Here’s How It’s Done Since Then In May 2021, Tilray Brands (NASDAQ: TLRY), which was then known as just Tilray, merged with low-cost cannabis producer Aphria, in what was a massive deal in…
e marijuana industry. The press release announcing the deal said the combined businesses would create “a global cannabis leader.” The expectation was that the entity would be able to grow into new markets and be profitable
Today, Tilray Brands is one of the leading cannabis companies in the world, but it’s been a volatile five years since this merger was completed. Let’s take a look at how the business has performed since then, how the stock has done, and whether it’s a good investment to consider for growth investors today. Tilray has grown via diversification, but sustained profitability remains elusive Tilray has expanded over the years by entering new international markets and also by acquiring beverage companies.
With the marijuana market in the U.S. remaining off-limits and significant challenges in the Canadian market, Tilray has needed to pursue other opportunities. Acquiring craft brewers has been one that it has taken advantage of. Today, beverages account for roughly one-quarter of its business.