Tilray Moving the Needle on Acquired Bev Brands; Margins a “Major Focus”

Dear Client:  The three main takeaways from Tilray's fiscal '24/Q4 call? They're moving the needle on beer brands, which are becoming a much larger part of their mix. They expect to improve bev alc gross margins by FY '25, as they integrate beer brands into their facilities. And they are indeed, as we wrote last week, bringing delta-9 beverages to some markets, as their wholesalers have reportedly demanded them.  We'll get into all that soon: First the numbers.  For Tilray's