Tilray Bev-Alc Division Reports +117% Revenue Growth in Q2; Gross Margin Down -13%

Tilray Bev-Alc Division Reports +117% Revenue Growth in Q2; Gross Margin Down -13%

The beverage alcohol division of Canadian cannabis giant Tilray grew revenue +117%, to $46.5 million, in the second quarter of the company’s fiscal year compared to the same quarter last year, the company reported Tuesday. However, the division’s gross margin declined -13% year-over-year (YoY), to 34%, in the quarter, driven by Tilray’s acquisition of eight… Read more »

New Jersey Legislature Passes Brewery Operations Reform Bill

New Jersey Legislature Passes Brewery Operations Reform Bill

For the second time, New Jersey craft breweries are a signature away from having a stringent set of restrictions on their taproom operations removed.

Both houses of the state Legislature passed Senate Bill 4265 and Assembly Bill 5912, which would allow craft breweries to host “an unlimited number of on-premises special events and private parties.”

The Drivers Shaping RTDs, Spirits and Non-Alc in 2024

The Drivers Shaping RTDs, Spirits and Non-Alc in 2024

We checked in with a data analyst, consultant and major retailer buyer on the drivers they are watching in 2024, including what investors will be looking for, where there might be white space in hot categories, and how retailers are making buying decisions.