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Stock impact report

Tilray Brands cuts jobs in drinks operations [Yahoo! Finance]

Tilray Brands, Inc. (TLRY) 
Last tilray brands, inc. earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The group told Just Drinks today (5 September) it had “identified areas where duplication of work exists within our organisation”. In a statement, Tilray added: “In order to streamline our operations, we have made the difficult decision to restructure our workforce and reallocate resources accordingly. “As a result, we implemented a reduction in force that impacted a limited number of employees across various departments. This decision was not taken lightly, and we are committed to supporting those affected by these changes through this transition.” Just Drinks asked Tilray to confirm the number of job cuts. The group's drinks portfolio primarily comprises beer and cider, with one spirits brand and an “energy seltzer”. The move comes only a few weeks after Tilray announced it had acquired four craft breweries from Molson Coors. The agreement saw Tilray adding Hop Valley Brewing Co., Terrapin Beer Co., Revolver Brewing, and Atwater Brewery to its portfolio. Tilray also a Show less Read more
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