11 August 2026
11 August 2026
The company's announcements last week constituted a promising beginning, but - given that trading conditions remain unchanged - no more than that.
Chairman and CEO John Fieldly said “these actions have been evaluated and discussed over the past several months".
The legislation would create a three-tier framework for hemp beverages similar to that used for beer, wine and spirits.
Earlier this year, the Rémy Martin brand owner said it would carry out a review of its distribution network.
Under the proposal, manufacturers would have to notify the FDA on added ingredients rather than on the current self-administered basis.
Nichols said the deal gives it a “considerably strengthened position” in the health and wellness segment of soft drinks.
Shares in the Penfolds brand owner closed up more than 4% today (10 August), despite new write-downs related to its US operations.
Tilray said it will move production from the Terrapin site in Georgia "to other breweries within our network".
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