Tilray Brands, Inc..
TLRY.US | Growing of other non-perennial crops
Tilray Brands, Inc. is a global cannabis-lifestyle CPG company. It operates through four business segments: Cannabis Business, Distribution Business, Beverage Alcohol Business, and Wellness Business. The Cannabis Business segment cultivates, processes, and distributes cannabis products. The Distribu...Show More
Better Health for All
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Tilray's 2024 revenue included $382 million from hemp-derived THC drinks, which constitutes approximately 48.4% of its total $789 million revenue.
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These products, along with the company's significant alcohol business (5th largest craft beer business in the U.S.),
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contribute to revenue from products with established negative health outcomes. In medical cannabis research, pilot studies on THC and CBD formulations reported no serious adverse events.
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Tilray Medical, an EU-GMP certified provider, operates in over 20 countries and supports medical trials globally, including studies on pediatric epilepsy, cancer-induced nausea and vomiting, HIV, essential tremor, breast cancer disorders, post-traumatic stress disorder, and alcohol use disorders.
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A study on medical cannabis for patients over 50 showed improvements in pain, sleep, and quality of life, with a reduction in co-medication.
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Tilray's subsidiary, Manitoba Harvest, offers hemp-based superfood breakfast products, which are marketed as sources of protein, fiber, and omega-3 & 6 fatty acids.
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Fair Money & Economic Opportunity
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Tilray Brands, Inc. is a global cannabis-lifestyle CPG company. The provided articles do not contain any evidence that the company engages in activities related to lending, insuring, moving, or storing money, which are the core functions evaluated by the 'Fair Money & Economic Opportunity' value. Therefore, no specific, concrete data points were found to assess any of the KPIs under this value, leading to their omission.
Fair Pay & Worker Respect
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No data is available in the provided articles regarding Tilray Brands, Inc.'s performance on any of the Fair Pay & Worker Respect KPIs.
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All articles explicitly state that no relevant information was found.
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Fair Trade & Ethical Sourcing
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No specific, quantitative data was provided across the available articles for Tilray Brands, Inc. (TLRY.US) regarding fair trade and ethical sourcing KPIs. While one article mentioned that a subsidiary's supplier contracts include a code of conduct, this information does not explicitly apply to the entire company's operations, and no quantitative percentage of coverage was provided.
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Honest & Fair Business
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Tilray Brands, Inc. has a formal Whistleblower Protection Policy, adopted by the Board, which establishes procedures for confidential and anonymous reporting of accounting, auditing, financial, illegal acts, or Code of Business Conduct and Ethics violations.
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The company provides anonymous reporting hotlines and web reporting links for these concerns.
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A strict no-retaliation policy is in place, with allegations of reprisal fully investigated and prompt disciplinary action, including termination, against retaliators.
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The company's board of directors has 80% of its nominees determined to be free from relationships that would interfere with independent judgment.
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An Anti-Bribery and Anti-Corruption Policy is in place, which was updated to clarify consequences for non-compliance and refine its applicability to business associates.
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The policy specifically mentions compliance with the Foreign Corrupt Practices Act (FCPA) and applicable laws in all countries of operation.
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Kind to Animals
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No evidence available to assess Tilray Brands, Inc. on Kind to Animals.
No War, No Weapons
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No evidence available to assess Tilray Brands, Inc. on No War, No Weapons.
Planet-Friendly Business
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Tilray Brands sources 27% of its total energy from renewables.
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The company achieves a 72% waste diversion rate.
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Tilray has no publicly committed net-zero target year.
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The company has a CO2 emissions reduction target of 35% by 2025, but no baseline or current reduction percentage is provided for packaging CO2.
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No environmental compliance violations are mentioned in the provided articles.
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Respect for Cultures & Communities
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No evidence available to assess Tilray Brands, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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Tilray reported no material data breaches, violations, or unauthorized access incidents that required notification as of March 2022,
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and stated in July 2024 that no cybersecurity risks have materially affected or are reasonably likely to materially affect the company.
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The company conducts mandatory annual employee training and awareness programs for cybersecurity.
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It implements and maintains commercially reasonable physical, technical, and administrative controls, policies, procedures, and safeguards to protect IT systems and data,
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including deploying robust access controls and encryption technologies.
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The company uses IP anonymization for Google Analytics on its website.
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Tilray states it is in compliance with all applicable state and federal data privacy and security laws, including HIPAA and GDPR, and has taken commercially reasonable actions to prepare for and comply with GDPR since May 25, 2018.
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However, the company's websites do not respond to do-not-track signals.
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Tilray collects personal information directly, indirectly, and from third parties, including name, address, email, date of birth, gender, prescription and medical records, payment, order, shipping, account, and profile data.
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It may monitor and record telephone conversations.
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The company adheres to the principle of data avoidance, minimizing personal data collection whenever possible, and has some data minimization efforts with 3-5 year retention periods for most data. Regular risk assessments and vulnerability testing are conducted,
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and critical vulnerabilities are patched within 21-30 days on average. The company assesses 20-35% of its products for privacy impacts.
Zero Waste & Sustainable Products
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Tilray's Good Supply brand uses whole flower bags made with 45% post-consumer recycled content.
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The company has transitioned to hemp-based, biodegradable, and compostable packaging for pre-rolls, vapes, and flower, aiming to minimize single-use plastics.
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While these efforts have diverted over 925,000kg of plastic waste since June 2023, a specific percentage reduction from a baseline year for single-use plastics is not provided.
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Tilray has publicly committed to reducing plastic waste through hemp packaging and aims to transition other brands to sustainable hemp packaging later in the year.
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There are no mentions of waste disposal violations in the provided articles.