The management of Tilray Brands always has new comments about what is happening with the legalization of marijuana worldwide. This time, through an exclusive interview with Benzinga, the CFO of the global cannabis consumer goods and lifestyle company, Carl Merton, shared his views on cannabis legalization and the creation of a diverse list of “CPG lifestyle brands.”
Carl Merton is currently in charge of overseeing all finances for the industry-leading company, which has operations in Canada, the US, Europe, Australia and Latin America. After appearing in an interview with popular investment platform Public.com, Merton answered questions from retail investors about Tilray’s second-quarter earnings, as well as the progress of legalization, essentially focused on the US. The CFO said the company was able to achieve solid operating and free cash flow and 15 consecutive quarters of positive adjusted EBITDA.
“We maintained our leading cannabis market share position with #1 market share in recreational cannabis across Canada and leading medical cannabis market share across Europe,” he added. Beverage-alcohol sales increased 56% year over year. Gross profit increased 22% year over year. Tilray Brands is building the world’s leading and most diversified cannabis lifestyle consumer packaged goods company and also recently completed the acquisition of Montauk Brewing Company, further diversifying our business.”
As has been made clear in the past, Tilray always intends to develop the world’s leading and most diversified global marijuana lifestyle consumer packaged goods organization in both recreational and medicinal products. The company has been making key moves to drive growth now and in the long term. With that in mind, the CFO said the team will continue to grow its US and international brands and businesses.