PriceSensitive

Tilray expands German medical cannabis offering

Cannabis, Market News
TSX:TLRY
11 February 2025 08:59 (EDT)
Scientist with cannabis extract

(Source: Tilray Medical Germany)

Tilray Medical, a division of Tilray Brands (TSX,NASDAQ:TLRY), is adding new cannabis extract products to its German medical portfolio. Additions include:

A report by Prohibition Partners estimated that German medical cannabis sales would exceed €420 million in 2024 and surpass €1 billion by 2028. The tailwind has prompted other notable names to enter the space, such as High Tide and MediPharm Labs.

Aligning itself with broader growth trends has been parent company Tilray Brands’ M.O. since inception, almost quadrupling revenue from US$210.48 million in 2020 to US$788.94 million in the fiscal year ended May 2024, with operations on track for an over US$800 million year through Q1 and Q2 2025.

While an overriding focus on market share has made Tilray one of the largest cannabis companies in the world, its strategy has yet to show evidence of a path to profitability, posting approximately US$3 billion in net losses since 2020.

Leadership insights

“Our unwavering focus on innovation and education, together with our dedication to patient care, drives everything we do,” Denise Faltischek, Tilray Brands’ chief strategy officer and head of international, said in a statement. “Because of this, physicians and patients around the world trust the efficacy and safety of our products, which is evidenced by our position as the leading provider of medical cannabis extracts in Germany. In consultation with healthcare providers, we continuously evaluate our portfolio and are developing new innovations, including these new product launches to meet diverse patient needs.”

About Tilray Brands

Tilray is a global lifestyle and consumer packaged goods company focused on cannabis, beverages, wellness and entertainment. The company’s platform supports over 40 brands in over 20 countries.

Tilray stock (TSX:TLRY) last traded at C$1.40 per share. The stock has given back 45.10 per cent year-over-year and 92.88 per cent since 2021.

Join the discussion: Find out what everybody’s saying about this cannabis, beverage and wellness stock on the Tilray Brands Inc. Bullboard and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

(Top photo: Tilray Medical Germany)


Related News