Tilray

Tilray History and Milestones

• Founded in 2014 under Privateer Holdings.
• Conducted first Health Canada-approved clinical trial in 2016.
• Certified for good manufacturing practices in January 2017.
• Raised $1.1 billion by October 2018.
• Potential $94 billion world market for cannabis products by 2025.

Strategic Partnerships and Acquisitions

• Global alliance with Sandoz in 2018.
• Joint venture with AbInBev for THC/CBD-infused beverages in 2018.
• Signed $250 million revenue-sharing deal with Authentic Brands Group in 2019.
• Acquired Manitoba Harvest for $317 million in 2019.
• Acquired Natura Naturals Holdings in 2019.
• Acquired boozy candy company Smith & Sinclair.
• Signed a deal to acquire Alberta cannabis retailer Four20.
• Acquired 100% of HEXO Corp.
• Announced agreement to acquire eight beer & beverage brands from Anheuser-Busch.

Brewery Ownership and Acquisitions

• Owns Montauk Brewing, Good Supply Beer, 10 Barrel Brewing, Square Mile Cider, and Truss Beverage Co.
• Tilray’s beer division ranked No. 9 in US craft companies in 2022.
• Acquired Alpine Beer Company, Blue Point Brewing, Breckenridge Brewery, Green Flash Brewing, and Widmer Brothers Brewery.

Merger with Aphria and Brewery Ventures

• Aphria conducted reverse acquisition of Tilray in December 2020.
• Irwin D. Simon named CEO of merged company.
• Tilray CEO, Brendan Kennedy, on the board of directors.
• Merged companies to trade under Tilray ticker symbol on NASDAQ.
• Closed Virginia Beach brewery.
• Blue Point Brewing Co. mentioned in Long Island Beer Guide.
• Green Flash Brewing acquired Alpine.
• Redhook being replaced by Cisco Brewers at Pease.

Clinical Research and Expansion

• Preliminary clinical research on medical cannabis efficacy.
• Exported $3.3 million worth of medical cannabis to Germany in 2019.
• Research partnership with Coimbra University in Portugal.
• Studied CBD’s potential to treat alcohol use disorder and PTSD.
• Launched clinical trial to study medical cannabis and PTSD.
• Partnered with Coimbra University to study medical cannabis.
• Shipped CBD to the US for clinical trials on alcohol and PTSD.

Tilray Data Sources