- Redecan Cannabis, a subsidiary of Tilray Brands, is releasing a new pair of products this spring designed to elevate the consumer experience
- A new strain, Space Age Cake, is out now, soon to be followed by the Redees Hemp’d Taster Series pre-rolls
- Tilray Brands is a global cannabis lifestyle and consumer packaged goods company operating in Canada, the United States, Europe, Australia and Latin America
- Tilray stock has given back 26.85 per cent year-over-year, and 86.41 per cent over the past five years
Redecan Cannabis, a subsidiary of Tilray Brands (TSX:TLRY), is releasing a new pair of products this spring designed to elevate the consumer experience.
Space Age Cake
Redecan is debuting its newest strain, Space Age Cake, a resinous hybrid derived from a cross between Girl Scout Cookies and Snow Lotus offering notes of creamy vanilla, nuts and ammonia.
The strain is available now in whole flower and Redees Hemp’d pre-roll formats in select regions across Canada.
Redecan Redees Hemp’d Taster Series
Redecan is also debuting its Redees Hemp’d Taster Series, which showcases a variety of indica strains in a 10-pack of filter-tipped 0.4 g pre-rolls, each of them wrapped in sustainable, ultra-thin, unbleached hemp paper designed for optimal airflow and a slower burn. Each pack will contain:
- Five pre-rolls of Animal RNTZ (Animal Cookies x RNTZ), a high-potency THC indica for slowing down and kicking back after a long day, featuring fruity, sweet and sour flavours
- Five pre-rolls of King Sherb (OGKB v2.1 x Blue Sherbet), a high-potency THC indica fit to unwind at any time of day, featuring a pungent funk and creamy diesel smoke
The Redees Hemp’d Taster Series will be available later this spring.
Tilray’s recent financial performance
Tilray has posted mounting net losses over the past five years, including a more than US$1.4 billion loss in fiscal 2023, which was more than twice the company’s revenue of US$627.12 million for the year.
This trajectory should raise investors’ guards about the sustainability of the company’s record revenue growth, its leadership in European medical cannabis, and its top spot among cannabis operations and brand portfolios in Canada by sales volume and market share.
An allocation should be informed by a clear sense of how Tilray plans to improve operational efficiencies, margins and profitability as it executes on further growth.
About Tilray Brands
Tilray Brands is a global cannabis lifestyle and consumer packaged goods company operating in Canada, the United States, Europe, Australia and Latin America. Notable in-house brands include Good Supply, Aphria, Broken Coast, Symbios and Navcora.
Tilray stock (TSX:TLRY) last traded at C$2.67 per share. The stock has given back 26.85 per cent year-over-year, and 86.41 per cent over the past five years.
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