Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.
Thanks!

Click here for a guide on disabling your adblocker.

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

Can cucumbers save a cannabis company?

During Tilray's Q2 F2023 earnings call earlier this month, chairman and CEO Irwin Simon hinted that the company is considering fruit or vegetable production as a temporary solution for sluggish cannabis sales.

Critics point out that Tilray's strategy of growing and selling cannabis, then beer, and now perhaps vegetables, is less related to the company's interest in solving food insecurity and more of a desperate attempt to grab onto something—anything—that makes money.

Firing up underutilized greenhouse space to grow fruits or vegetables makes sense.

But temporarily shifting to edible crop production and then switching back to cannabis does not make good business sense.

Read more at benzinga.com