Tilray Brands, Inc. (TLRY) has been a topic of discussion on Reddit, particularly regarding its position in the beer and cannabis markets. Despite the absence of specific news today, Reddit users have been actively discussing Tilray's strategic moves in the alcohol sector, including its acquisition of beer brands from Anheuser-Busch InBev and Molson Coors, which has positioned it as the 5th largest craft beer business in the U.S. One user highlighted Tilray's diversified portfolio, noting its strong presence in cannabis, beer, and health products, and expressed optimism about its future potential, saying, "The target is that TLRY starts printing money already while standing on its TRI-POD."
In addition to its beer ventures, Tilray's role in the burgeoning medical cannabis market in Europe, particularly in Portugal, has been a focal point. The country is becoming a hub for medical cannabis production due to its favorable climate and legislation. Jose Tempero, Tilray's medical director, emphasized Portugal's leading position in Europe for cannabis production, stating, "Portugal is clearly at the forefront of European countries producing cannabis for medical use." This expansion aligns with the growing global demand for medical cannabis, which is expected to reach over $65 billion by 2030.
Currently, Tilray Brands, Inc. (TLRY) is trading at $1.2279, reflecting a 4.07% decrease from the previous close.