Tilray provides international cannabis update on German cannabis legalization

Tilray Brands provides an update on Germany’s milestone cannabis legalization and what it means for the future of cannabis in Europe and for Tilray. As a global leader in the legalized medical and adult-use cannabis markets and a market leader in medical cannabis across Europe, with a leading market share in Germany, Tilray is bullish on the positive paradigm shift that the new German drug policy creates for the future of cannabis in Europe. Irwin Simon, Tilray Brands’ Chairman and Chief Executive Officer, stated, “We see tremendous growth opportunities stemming from Germany’s landmark cannabis policy update. The new German medical market opportunity equates to about $3bn while the European opportunity, could represent a powerful growth market consisting of a potential $45bn medical market alone. Our presence in Europe allows Tilray to grow our brands globally from a base of over 700 million people in Europe, which is twice the population of the U.S.”