February 5, 2025

Tilray’s stock slumps as cannabis and beer company plans to cut its drinks lineup

 Tilray’s stock slumps as cannabis and beer company plans to cut its drinks lineup

Tilray’s stock slumps as cannabis and beer company plans to cut its drinks lineup

Tilray Brands’ stock fell Friday after the beer and cannabis company said it expects a $20 million impact on its full-year revenue as it embarks on a cost-cutting plan that will reduce the number of alcoholic-beverage brands in its portfolio.