Tilray's Hi*Ball Energy Launches in UK, Targets EMEA & APAC Expansion
TLRY sits 37% above its 52-week low of $3.507.
Summary
Tilray Brands' Hi*Ball Energy sparkling water has officially launched in the United Kingdom, with plans for further expansion across Europe, the Middle East, Africa, and Asia Pacific. This move expands Tilray's international beverage portfolio, aiming to capture market share in the growing 'clean energy' drink segment. The company is leveraging its BrewDog distribution channels and will debut the product at Barcode Festival.
At the time of this announcement, TLRY was trading at $4.79 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $568.1M. The 52-week trading range was $3.51 to $23.20. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.