Tilray Secures U.S. Rights to Carlsberg's 1664 Beers in Profit-Sharing Deal
TLRY is trading near its 52-week low of $3.375 (4.5% above the low).
Summary
Tilray will produce, market, sell and distribute Carlsberg's Elephant 1664 and Kronenbourg 1664 Blanc in the U.S. starting January 1, 2027, under a multiyear profit-sharing deal. This expands its beverage portfolio beyond BrewDog and adds a major international brand. The announcement comes days after Q1 FY2027 results showed revenue up 23% to $257.1M but a $40M net loss and a revenue miss versus analyst expectations. Canaccord kept a Hold rating with a $4 target, while analyst EPS estimates have fallen about 83% in three months. The Carlsberg deal provides a new U.S. growth avenue, but the profit-sharing structure and 2027 start date mean near-term financial impact is limited.
At the time of this announcement, TLRY was trading at $3.53 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $523.2M. The 52-week trading range was $3.38 to $23.20. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.