Tilray Brands Announces Strategy to Strengthen Canadian Cannabis Operations and Drive Profitable Growth

BNN Bloomberg · Globe Newswire · 2026-11-02 14:10 UTC

Tilray Brands, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a global lifestyle and consumer packaged goods company with leading positions across cannabis, beverage, hospitality and wellness, today announced plans to consolidate its Canadian cannabis operations, transitioning cultivation and pre-roll production from its Foss facility in Fenwick, Ontario to its Masson, Quebec and Cayuga, Ontario facilities.

This press release is provided by GlobeNewswire and is published as received.

Consolidation of Foss Cultivation and Pre-roll Production into Optimized Masson and Cayuga Facilities Expected to Generate Approximately US$10 Million in Annualized Cost Savings

Higher Cultivation Yields and Expected Reestablishment of EU-GMP Certification Strengthen Tilray’s Canadian Cannabis Platform and Position the Business for Continued Growth in Canada, International Markets, and Future U.S. Medical Cannabis Markets When Permissible

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