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The themes Tilray Brands is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.
Highest-graded in Drug Manufacturers Specialty and Generic
Graded A or B and worth $2B or more: A first, then the largest.
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LQDALiquidia Corporation$5.2BA
Grade rose recently in Healthcare
Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.
DHRDanaher CorporationOct 21, 2026CBGraded C, now B
MCKMckesson CorporationNov 4, 2026BAGraded B, now A
CVSCVS Health CorpNov 4, 2026BAGraded B, now A
EWEdwards Lifesciences CorporationNov 4, 2026BAGraded B, now A
GEHCGE Healthcare Technologies Inc.Oct 28, 2026CAGraded C, now A
How it makes money
- Pharmaceutical distribution33%
- Cannabis22%
- Beverages40%
- Hemp foods and wellness products6%
Shares of revenue are estimates for three months ended 2026-08-31, not figures from a filing.
Competes with
What it sells4
CC Pharma medicines
Branded prescription medicines imported from European markets and resold to pharmacies and pharmaceutical wholesalers in Germany.
Medical and adult-use cannabis
Cannabis products including dried flower, pre-rolls, vapes, extracts, edibles, topicals, and beverages. Medical products are sold in legal markets; adult-use products are sold in Canada through provincially regulated channels.
Beer and spirits
Craft beers sold under brands including SweetWater, Montauk, and BrewDog, as well as bourbon, vodka, and other spirits from Breckenridge Distillery.
Manitoba Harvest hemp foods
Hemp seeds and foods made from hemp, including hemp oil and hemp protein, sold in stores and through other sales channels.
Who buys it5
- German public, hospital, and specialist pharmacies, along with pharmaceutical wholesalers, buy imported prescription medicines from CC Pharma.
- Canadian provincial and territorial cannabis agencies and licensed retailers buy adult-use cannabis under local distribution rules.
- Patients obtain medical cannabis directly from Tilray in Canada or through pharmacies, clinics, and distributors in international markets.
Show 2 more
- More than 900 United States wholesalers distribute Tilray beverages to grocery, liquor, and convenience stores, bars, restaurants, and other retailers.
- Retailers, wholesalers, and consumers buy hemp-based food products through stores and direct sales.
What it stands on, and what could break it
What the business leans on
- 1Cannabis sales depend on government licenses, product approvals, and compliance with different rules in each market.
- 2Adult-use cannabis sales in Canada depend on provincially and territorially regulated retail and distribution systems.
- 3United States beverage sales rely on wholesalers to distribute products to stores, bars, and restaurants.
- 4Hemp-based food sales depend on rules for food products and hemp-derived ingredients; a federal change to the definition of hemp is scheduled to take effect in November 2026.
What could go wrong
- 1Changes to cannabis laws, licenses, approvals, or product rules can restrict where Tilray can grow, sell, or distribute cannabis; regulations also limit how it can market cannabis in Canada and Europe.
- 2Tilray faces competition from both the illicit cannabis market and licensed sellers. Price pressure, excise taxes, and shifting demand for different cannabis products can affect sales and margins.
- 3Beverage sales depend on independent distributors giving Tilray products shelf space and sales attention, while changing drinking habits, competition, and the integration of acquired BrewDog operations can affect the business.
About Tilray Brands, Inc.
Tilray imports branded prescription medicines for pharmacies and wholesalers, mainly in Germany. It grows and sells medical cannabis in international markets and adult-use cannabis in Canada. It makes beer and spirits, and runs pubs and other hospitality venues. It also sells hemp-based foods and ingredients, including hemp seeds, oil, and protein.
- Head office
- Leamington, Ontario, Canada, and New York, New York, United States
- Founded
- 2018
- Employees
- 3,595 (as of 2026-05-31, high)
- Listed on
- Nasdaq
- Financial year ends
- May 31
Built from Tilray Brands, Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.
