Tilray Inc. (TLRY) shares soared 5.03% in the pre-market session on Thursday, as the cannabis and consumer packaged goods company demonstrated continued expansion across its core cannabis business and newly acquired craft beverage segment.
The stock rally comes after Tilray's subsidiary SweetWater Brewing Company, the largest craft brewer in the Southeast, announced plans for its 28th Anniversary Party featuring electronic jam band STS9. The event, scheduled for February 22nd, highlights Tilray's efforts to leverage its beverage brands and tap into the growing market for immersive consumer experiences.
Additionally, a comparison article by The Motley Fool suggests that Tilray's diversification strategy, spanning cannabis, beverages, and wellness products, sets it apart from competitors like Aurora Cannabis. The article notes Tilray's robust international growth in medical cannabis markets like Germany and its strong brand-building capabilities as potential drivers for future success.
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