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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTilray CEO Irwin Simon: We're well positioned regardless of full U.S. legality of cannabisTilray CEO Irwin Simon joins 'Squawk on the Street' to discuss the company's quarterly earnings results, whether investors understand the company's growth story, and where the company is looking to expand.
Persons: Irwin Simon
The cannabis company Tilray expanded its position in the craft brew industry, completing the acquisition of eight beer brands from Anheuser-Busch that it had announced over the summer. Included in the deal are well known labels like Shock Top, Breckenridge Brewery, Blue Point Brewing Company, 10 Barrel Brewing Company, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider Company, and HiBall Energy. The New York City company also owns SweetWater Brewing Company, Montauk Brewing Company, Alpine Beer Company, and Green Flash Brewing Company. Tilray said that the transaction, which was announced in August, will triple its beer sales volume from four million cases to 12 million. A deluge of criticism and hate erupted soon after Mulvaney cracked open a Bud Light in an Instagram video.
Persons: Tilray, Tilray Brands, Irwin Simon, Busch, Bud Light, influencer Dylan Mulvaney, Mulvaney, Bud Light’s, Bump Williams Organizations: Anheuser, Busch, Breckenridge Brewery, Point Brewing Company, Brewing Company, Redhook, Widmer Brothers Brewing, Cider Company, HiBall Energy, Tilray, New, SweetWater Brewing Company, Montauk Brewing Company, Alpine Beer Company, Green Flash Brewing Company, Modelo, Nielsen, Bump Williams Consulting Locations: New York City
Tilray CEO on purchase of beer brands from Anheuser-Busch
  + stars: | 2023-08-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTilray CEO on purchase of beer brands from Anheuser-BuschIrwin Simon, Tilray chairman and CEO, joins 'Squawk on the Street' to discuss Tilray's decision to buy some alcohol brands from Anheuser-Busch, the company's decision to move away from cannabis legalization and more.
Persons: Busch Irwin Simon Organizations: Anheuser, Busch
Tilray CEO says the Canadian cannabis business needs a leader
  + stars: | 2023-04-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTilray CEO says the Canadian cannabis business needs a leaderIrwin Simon, Tilray CEO, joins 'Closing Bell: Overtime' to discuss the company's M&A strategy, earnings and Canada's cannabis business and regulation.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTilray CEO on shares being down, oversupply, U.S. cannabis regulation and Canada expansion plansIrwin Simon, Tilray CEO, joins 'Closing Bell' to discuss the company's shares being down over the last 12 months and what headwinds the company is facing.
It's hard to make money in cannabis, so the world's largest cannabis companies are pivoting. The Canadian cannabis company Tilray in early November acquired Montauk Brewing Company, a New York craft-beer brewer. In a November 11 note, analysts at the investment bank Jefferies called Canopy's core Canadian cannabis business "a sideshow." Tilray's cannabis business slumps, while beer boomsLike Canopy, Tilray's core cannabis business is also declining while its beverage unit and other businesses are growing. Beyond cutting costs, it was, therefore, only a matter of time before the world's largest cannabis companies, with investors and shareholders breathing down their necks, looked elsewhere to boost their margins.
Ascend Wellness and MedMen are stuck in a heated feud over a lucrative New York cannabis license. Ascend CEO Abner Kurtin said the feud made the whole industry look bad at a critical time. Ascend Wellness CEO Abner Kurtin said the feud had taught New York regulators that cannabis companies couldn't be trusted. Last year, MedMen agreed to sell its New York cannabis retail license to Ascend Wellness Holdings for $73 million. Ascend Wellness HoldingsAscend filed a lawsuit in the state's Supreme Court in January, accusing MedMen of having seller's remorse.
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