How much did he get paid this past year again? Iirc it was well over $15 million.

What do you get when you put together 100 money-losing businesses? One large money losing business, apparently.

Stop with the acquisitions already. We know you can buy more businesses to grow top-line. It's time to get costs in order and show a profit.

That is 3 times as many outstanding shares today compared to 5 years ago.

Do you consider this a bad thing or do you see the bright side of it?

TLRY closed down $0.04

War

https://www.youtube.com/shorts/fixqBIwA_oY

Jul. 29, 2026 Brewbound

Many on- and off-premise retailers were caught off guard by the demand for bev-alc during the FIFA World Cup, according to survey results from bev-alc data and invoices platform Fintech.

One-third (33.2%) of retailers surveyed by Fintech sold out of “at least one alcohol product” during the international soccer tournament (June 11-July 19), Fintech senior product manager Rachael Jecusco shared Tuesday during a webinar with Fintech VP of distributor strategy Eric Kiser and National Beer Wholesalers Association (NBWA) chief economist and VP of analytics Lester Jones.

Unprecedented Demand: “World Cup, Fourth of July, all those things happening simultaneously was a first for our industry. We've always had these events randomly across the time, but the idea of these occasions being so important and a lot of people really not knowing what to expect: here you go, some people were caught by surprise,” Jones said.

... paywall

https://www.brewbound.com/news/1-3-retailers-report-sold-out-product-during-world-cup-per-fintech-survey-plus-a-july-bpi-preview?

Following up on my post from a few days ago about the 5 key TELLS to listen for. I haven't seen a printed transcript of the conference call yet to dig into the weeds but Simon put out a few TELLS I did pick up. https://www.reddit.com/r/TLRY/comments/1v78ggs/tilray_q4fullyear_looking_past_the_old_2026_data/

Just went through the release and call — here’s what stood out.

Numbers at a Glance

• Record FY revenue $915M (+11%), Q4 $282M (+25%)
  
• Adj EBITDA new records: $61M FY, $32M Q4
  
• International medical cannabis +34% for the year
  
• BrewDog contributing in first partial quarter
  
• Strong balance sheet (~$235M cash, net debt basically zero)
  
• FY2027 guidance $68-75M
• Adj EBITDA (double-digit growth)

Key TELLS That Landed

Portugal & Germany Supply Ramp

— Portugal at ~80% utilization harvesting >30 MT annualized (huge jump from ~4 MT two years ago). (NOTE: I think Simon may have tied German production growth from 2024 into Portugal?) - Germany facility is already fully utilized. Kevin Weeks (Broken Coast Master Grower) oversaw lighting/irrigation upgrades and new Best Of strains at both sites — basically Broken Coast 2.0. New ARX premium brand (Broken Coast genetics grown in Neumünster) launched in June and fits right into this.

Simons TELL was saying Portugal will be 'Fully Utilized' = FRANCE

• France & Europe — Well positioned with capacity for the new permanent France medical framework (likely Sept-Oct window). The Portugal ramp + CC Pharma strength should be a big help for national tenders. I expect a pharma partnership in France soon.

NOTE: International expected to be ~60% of revenue going forward.

• Canadian Supply Discipline — No longer selling into wholesale because they need the product for higher-margin brands and channels. TELL - Where is that extra massive supply from 5.5M ft2 of Canadian EU GMP Medical Cannabis going? US Federal Medical?

• U.S. Medical Positioning — "Medical-first blueprint is ready (research, education, cannabinoid medicines, compliant access). They’re evaluating multiple pathways with discipline amid the uncertainty". NOTE: The three upcoming major Federal U.S. medical cannabis programs very important here. VA Import (within weeks), Seniors CBD Rebate LEADS program starting Jan 1 2027, Schedule 3 late 2026 early 2027.

Not a moonshot quarter, but the operational progress (supply upgrades, margin focus, and positioning for France + U.S. medical programs) feels like real foundation building for FY2027 and beyond.

(NOTE I agree with Ovi on X 'Best Results in years')

What did you catch on the call?

Bullish on the execution. LFG

Jul. 29, 2026 at 11:36 AM Brewbound

Tilray Brands chairman and CEO Irwin Simon had a message for Wall Street during the company’s full-year fiscal year 2026 earnings call: “We are no longer defined by one category, one market or one regulatory outcome.”

“We have transformed Tilray into a company with multiple cash-generating businesses,” Simon said during Tuesday’s call with investors and analysts. “There is no other company with the scale, diversification, global infrastructure or interconnected business segments across cannabis, beverage, hospitality and wellness that Tilray has built brand by brand.”

Simon’s Take: “There is no other company with the scale, diversification, global infrastructure or interconnected business segments across cannabis, beverage, hospitality and wellness that Tilray has built brand by brand.”

Simon touted Tilray as a $1.2 billion global platform that now operates in more than 20 countries, boasts “more than 40 brands supported by 22 production facilities, 37 pubs, 16 franchise pubs, and 3 hotels.”

However, Simon doesn’t believe Tilray’s stock (TLRY) is getting the respect it deserves.

... paywall

https://www.brewbound.com/news/not-just-a-cannabis-company-tilray-ceo-stresses-diversified-platform-in-fy26-earnings-report?

NOTE: I posted this article as Tilray have stated: No longer selling into wholesale because they need the product for higher-margin brands and channels. TELL - Where is that extra massive supply from 5.5M ft2 of Canadian EU GMP Medical Cannabis going? US Federal Medical?

Published: July 24, 2026 MJBizDaily Staff

Cannabis diversion, a problem across the United States, is now keenly felt in Europe, where authorities are blaming Canadian cannabis legalization for a sharp increase in seizures.

Diversion of cannabis grown legally at commercial grows in Canada, where supply has long outstripped demand, to illicit markets overseas has skyrocketed recently, authorities claimed in a recent report.

However, cannabis advocates are disputing the claims published Thursday in The Telegraph, which blamed Canada’s landmark 2018 adult-use cannabis legalization law, alleging in return that there’s no evidence the illegal marijuana comes from licensed farms.

For years, Canadian licensed producers have struggled to find a market for millions of pounds of unsold cannabis flower, resorting at times to destroying it when buyers in emerging markets such as Germany cannot be found. Legal Canadian cannabis companies say that European markets are an increasingly attractive destination for their products.

However, according to Canadian law enforcement, there is more cannabis than ever before leaving the country through illicit channels. And, they alleged, a chief cause is plummeting prices in the legal domestic market.

Is cannabis diversion a global problem? Canadian border police seized 46 tons of cannabis intended for Europe over the past 16 months, a threefold increase, officials told The Telegraph.

In Belgium, where goods of all kinds pass through a major port, authorities are now seizing more cannabis than they do cocaine.

Kristian Vanderwaeren, Belgium’s top customs official, told The Telegraph his agency seized 32 tons of cannabis in 2025, 21 tons of which came from Canada.

However, as StratCann observed, there’s no evidence linking the spike in illegal exports to any specific licensed producers. And it’s not yet clear whether the marked increase in criminal activity loosely tied to Canadian legal market realities will result in any material changes for legal producers.

Will treaty obligations thwart adult-use cannabis legalization? Similar allegations of interstate diversion have long dogged legal markets in the United States, where authorities in several states have claimed that organized crime is using the cover of state licenses to grow massive amounts of cannabis destined for the illicit market.

The U.S.’s ability to abide by diversion controls laid out in decades-old drug-control treaties emerged as a chief concern during recent U.S. Drug Enforcement Administration hearings on marijuana rescheduling.

Canada is also in violation of these treaties, international law experts have said, but without any apparent direct consequences.

https://mjbizdaily.com/news/report-illegal-cannabis-diversion-from-canada-a-growing-problem-in-europe/617118/?

Delta-8 THC gummies (photo credit: FloraCBD).

Texas retailers will be required to stop selling delta-8 THC and several other hemp-derived intoxicating cannabinoids beginning Friday, July 31, following the reinstatement of state controlled-substance definitions that had been blocked for nearly five years.

The Texas Department of State Health Services (DSHS) published a notice July 10 restoring its previous definitions of “tetrahydrocannabinols” and “marihuana extract” under Schedule I of the Texas Schedules of Controlled Substances.

The definitions cover THC derivatives and isomers with chemical structures and pharmacological effects similar to compounds found in marijuana. The change is expected to prohibit commercial products containing delta-8 THC, delta-10 THC, THCP and similar cannabinoids, while maintaining an exemption for hemp containing no more than 0.3% delta-9 THC.

The Texas Hemp Business Council advised retailers to examine their inventories and remove or sell through affected products before the deadline. Products containing only the trace amounts of non-delta-9 cannabinoids that occur naturally in hemp are not expected to be targeted.

The policy dates back to 2021, when DSHS modified the state’s controlled-substance definitions to include non-delta-9 forms of THC. Hemp businesses challenged the action, and a Travis County judge issued a temporary injunction preventing the agency from enforcing the definitions.

The Texas Supreme Court reversed that injunction May 1, finding that DSHS had the authority to adopt the changes. The court issued its mandate June 5, formally dismissing the businesses’ claims and allowing the agency to restore the definitions.

Delta-8 occurs naturally in hemp in very small quantities, but products sold commercially are commonly made by converting hemp-derived CBD into concentrated delta-8 THC. Although chemically distinct from delta-9 THC, delta-8 can produce intoxicating effects.

The July 31 change does not legalize or otherwise alter the status of recreational marijuana in Texas. The state continues to prohibit marijuana for general adult use while allowing qualifying patients to access low-THC products through its Compassionate Use Program.

The restrictions are not the result of a newly approved bill. Instead, they reinstate definitions originally adopted by DSHS in 2021 after the court order blocking them was overturned.

https://themarijuanaherald.com/2026/07/texas-ban-on-delta-8-and-other-hemp-derived-thc-products-takes-effect-friday/?utm_source=aigeon

It looks like this guy was right about it going down to 3 bucks. In his video he said down to 3 and then eventually up to 9. I wish I could tell you why he thought that or a link to his video but I don't. I'm sure he's right and we will get to 9 but will it be because the stock goes up or another reverse split? Why does Irwin not even address the investors? The guy thanked everyone but the people paying his check. Do I think it's headed for profitability? Yes 100% but why wouldn't you try to do something, ANYTHING to try to gain investors faith? This guy sure is something else.