Bloomberg: Tilray May Move Into Fruit, Beer as Cannabis Legalization Stalls

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  • CEO Irwin Simon seeks more deals in beer and wellness
  • Excess growing capacity may be used for fruit, vegetables
  • Tilray Brands Inc., a marijuana company with a strong presence in Canada and Europe, may make more acquisitions in the alcohol space or even get into growing produce since US cannabis legalization hasn’t progressed as expected, Chief Executive Officer Irwin Simon said.

    The company, which sells products with marijuana’s psychoactive ingredient THC in Canada, has a plan to set up an infrastructure for potential distribution in the US, should THC become federally legal. But following a lack of US political action, it no longer sees that happening in the near future, the company said on its second-quarter earnings call.

Why Tilray Brands Stock Is Getting Smoked Today

https://www.benzinga.com/markets/cannabis/23/01/30332544/why-tilray-brands-stock-is-getting-smoked-today

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