Tilray Brands, Inc. (NASDAQ:TLRY) Q1 2024 Earnings Call Transcript

And just remember, in 2019, we were a $50 million business. Today, on the run rate, to be close to $1 billion business. We were not diversified. We have a diversified portfolio. We have diversified brands. We have diversified facilities that are out there around the world. The world today is looking for innovation, looking for new products, and looking for new things. And again, consumers want cannabis. Consumers want to drink beer for the right reasons. Consumers want to drink bourbon. Consumers want medical cannabis for pain, for anxiety, for sleep, for cancer patients, for epilepsy. So, there’s so many opportunities and we’re in the right areas today where consumer demand will continue to move into. With the combination of Aphria, Tilray, HEXO, SweetWater, Montauk, and the eight brands that we just acquired from Anheuser-Busch, we’ve got a great portfolio of a lot of things.

And with 5 million square feet of growth, we’re going to repurpose these, and ultimately, how do we make it work. If not, there’s, ultimately we can sell these off. So, there’s plenty of levers to pull within Tilray today. Again, I want to thank everybody for being on the call listening to us and look forward to speaking to you again at our next earnings call. Thank you very much.

Operator: Thank you. This concludes today’s conference call. You may disconnect your lines at this time. Thank you for your participation.