Tilray Brands Inc
For the period ended May 31, 2024. Filed Jul 30, 2024.
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FY2024 · Filed Jul 30, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 2. Properties
The following outlines our principal cultivation, manufacturing, storage facilities and brewpub by reporting segment as of May 31, 2024:
| Facility and Primary Use | Location | Reporting Segment | Owned/ Leased | Approximate Square Footage |
|---|---|---|---|---|
| Canada: | ||||
| Aphria One (Cannabis Cultivation and Processing) | Leamington, ON | Cannabis | Owned | 1,400,000 |
| Aphria Diamond Ltd. (Cannabis Cultivation) | Leamington, ON | Cannabis | Owned1 | 1,500,000 |
| Broken Coast (Cannabis Cultivation) | Duncan, BC | Cannabis | Owned4 | 47,000 |
| Avanti (EU-GMP Cannabis Processing and Lab) | Brampton, ON | Cannabis | Owned | 18,000 |
| Broken Coast (Cannabis Cultivation) | Nanaimo, BC | Cannabis | Owned2 | 60,000 |
| High Park Holdings (Cannabis 2.0 Processing) | London, ON | Cannabis | Leased | 134,000 |
| Manitoba Harvest (Hemp Processing) | Winnipeg, MB | Wellness | Leased | 15,000 |
| Manitoba Harvest (Hemp Processing) | St. Agathe, MB | Wellness | Owned | 35,000 |
| Hexo Operations Inc. (Cannabis Cultivation and Processing) | Gatineau, QC | Cannabis | Owned4 | 1,292,000 |
| Redecan (Cannabis Cultivation and Processing) | Fenwick, ON | Cannabis | Owned | 400,000 |
| Redecan (Cannabis Cultivation and Processing) | Cayuga, ON | Cannabis | Owned | 1,644,0005 |
| United States: | ||||
| SweetWater Brewery (Craft Brewery) | Atlanta, GA | Beverage Alcohol | Owned | 158,000 |
| SweetWater Colorado (Craft Brewery) | Fort Collins, CO | Beverage Alcohol | Owned | 33,000 |
| Breckenridge Distillery (Craft Distillery) | Breckenridge, CO | Beverage Alcohol | Owned | 23,000 |
| Breckenridge Distillery Warehouse (Storage) | Denver, CO | Beverage Alcohol | Owned | 75,000 |
| Montauk Brewing Company (Brewery/Pub facility) | Montauk, NY | Beverage Alcohol | Leased | 4,000 |
| Fort Collins (Warehouse - Inactive) | Fort Collins, CO | N/A | Owned4 | 50,000 |
| Breckenridge Brewery, LLC (Brewery/Pub facility) | Littleton, CO | Beverage Alcohol | Owned | 450,000 |
| Breckenridge Brewery, LLC (Brewpub) | Littleton, CO | Beverage Alcohol | Owned | 2,500 |
| Craft Brew Alliance, Inc. (Craft Brewery) | Portland, OR | Beverage Alcohol | Owned | 82,000 |
| BBI Acquisition Co. (Brewpub) | Breckenridge, CO | Beverage Alcohol | Leased | 8,000 |
| Blue Point Brewing Company, Inc. (Distribution) | Patchogue, NY | Beverage Alcohol | Leased | 54,000 |
| Blue Point Brewing Company, Inc. (Storage) | Patchogue, NY | Beverage Alcohol | Leased | 20,000 |
| 10 Barrel Brewing (Brewpub) | Bend, OR | Beverage Alcohol | Leased | 4,000 |
| 10 Barrel Brewing, LLC (Brewpub) | Portland, OR | Beverage Alcohol | Leased | 8,000 |
| 10 Barrel Brewing, LLC (Storage) | Bend, OR | Beverage Alcohol | Leased | 4,000 |
| 10 Barrel Brewing, LLC (Storage) | Bend, OR | Beverage Alcohol | Leased | 1,930 |
| 10 Barrel Brewing, LLC (Processing / Pub facility) | Bend, OR | Beverage Alcohol | Leased | 69,000 |
| 10 Barrel Brewing, LLC (Craft Brewery) | Bend, OR | Beverage Alcohol | Leased | 25,000 |
| 10 Barrel Brewing Idaho, LLC (Brewpub) | Boise, ID | Beverage Alcohol | Leased | 9,000 |
| Redhook (Brewery/Pub facility) | Seattle, WA | Beverage Alcohol | Leased | 13,000 |
| Widmer (Craft Brewery) | Portland, OR | Beverage Alcohol | Leased | 3,000 |
| International: | ||||
| Tilray EU Campus and Cultivation Site (Cannabis Cultivation and Processing) | Cantanhede, Portugal | Cannabis | Owned3 | 3,300,000 |
| CC Pharma (Distribution Operations) | Densborn, Germany | Distribution | Owned | 70,000 |
| Aphria RX (Cannabis Cultivation) | Neumünster, Germany | Cannabis | Owned | 65,000 |
| FL Group Srl (Distribution Operations) | Vado Ligure, Italy | Cannabis | Leased | 4,700 |
| ABP (Distribution Operations) | Buenos Aires, Argentina | Distribution | Leased | 10,000 |
| 1 | Aphria Diamond is a 51% majority-owned subsidiary of Aphria, Inc. Aphria Diamond is a strategic venture with Double Diamond Farms. |
| 2 | We announced our decision to relocate operation from Duncan BC facility to Nanaimo facility. Duncan BC facility is recognized as an asset held for sale for the year ended May 31, 2024. |
| 3 | In Cantanhede, Portugal, we own one cultivation and manufacturing location used for medical cannabis and land adjacent to this facility for future expansion. |
| 4 | We recognize the property as an asset held for sale for the year ended May 31, 2024. |
| 5 | This facility is an outdoor growing facility. |
We also lease space for other smaller offices in the United States, Canada, Europe and other parts of the world.
We believe our facilities and committed leased space are currently adequate to meet our needs. As we continue to expand our operations, we may need to acquire or lease additional facilities or dispose of existing facilities.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.