Tilray Inc makes available a wide range of cannabis-based products to tens of thousands of people.

Hemp-derived cannabidiol (CBD), found in cannabis, is a natural remedy used to ease chronic pain, anxiety, mental health, and neurological disorders2.

Cannabis-based medicines can also offer treatment for controlling chronic pain and reducing nausea from chemotherapy1. Hemp foods offer a wide range of health benefits due to their Omega 3 and 6 essential fatty acids3.

In Europe, around 512 million people are potential consumers of CBD4. In Canada, 17% of the population (over 16 years) have used cannabis in the past 30 days5, i.e., 5.4 million people6,7, and in the U.S., 64 million people have used CBD in the last 2 years11.

With revenue of $513.1 million per year (2021), Tilray, based in the United States, is a pharmaceutical company that focuses on cannabis research, cultivation, and distribution, supporting 20 brands, including hemp foods and beverages9,10.

Tilray operates only where cannabis or hemp-derived cannabinoids are legal8;p2: i.e., 10 countries across 4 continents9, but it reaches customers in around 20 countries10.

Most of Tilray's revenue comes from Canada (around 52%), while 48% comes from other countries12. In fact, Tilray has licenses to cultivate cannabis (medical and adult-use) in Canada and Portugal, supplying products to tens of thousands of patients globally8;p2.

The firm operates 2 segments: Cannabis and Hemp13.

In that sense, the company is one of the leading suppliers of adult-use cannabis in Canada and a leading supplier of hemp in N. America8;p1-5. It enjoys a 12.8% cannabis market share in Canada14, a 47% hemp market share in the U.S. 15;p11; and a 20% market share in Germany14.

The Cannabis segment (representing 64% of the revenue8;p3) offers adult-use, medical, and bulk sales of cannabis with regulated licenses13. The Hemp segment (representing 36% of the revenue8;p3) offers hemp seed, hemp foods, and broad-spectrum hemp extract containing CBD13, through its subsidiary Manitoba Harvest12.

In conclusion, Tilray makes available a wide range of cannabis-based products to tens of thousands of consumers, contributing to health and well-being worldwide.

This post was originally published on March 22nd, 2022 at Impaakt.com. Find the original post here.