Who Owns Tilray Brands Company?

Tilray Brands Bundle

Get Full Bundle:

	5 FORCES	$15	$10
	BCG	$15	$10
	CANVAS	$15	$10
	4P's MIX	$15	$10
	PESTLE	$15	$10
	SWOT	$15	$10

TOTAL:

ADD TO CART

Who Owns Tilray Brands?

Understanding the ownership of a company like Tilray Brands is key to grasping its strategic direction and market position. The company's journey, from its founding to its current status as a global player, has seen significant shifts in who holds ownership stakes.

Tilray Brands, Inc. was founded in 2013 with a vision to lead in the cannabis and consumer packaged goods sectors. Its IPO on July 19, 2018, was a landmark event, making it the first cannabis company to list on a major U.S. exchange, the NASDAQ.

The ownership of Tilray Brands is diverse, reflecting its public listing and subsequent growth. As of August 2025, the company has a market capitalization of approximately $1.16 billion. This public ownership structure means that a significant portion of the company is held by institutional investors and individual shareholders.

Key to understanding its ownership is recognizing the impact of significant corporate actions. For instance, the merger with Aphria in 2021 was a transformative event that reshaped the ownership landscape. This consolidation aimed to create a stronger, more diversified entity. The company's fiscal year 2024 net revenue reached $788.9 million, growing to $821 million in fiscal year 2025, underscoring its market presence. For a deeper dive into the external factors influencing the company, consider the Tilray Brands PESTEL Analysis.

While specific major individual shareholders are not publicly detailed in the same way as institutional holdings, the company's public trading on NASDAQ means ownership is distributed among many. Institutional investors, such as Vanguard Group Inc. and BlackRock Inc., are typically among the largest shareholders in publicly traded companies like this one. These institutions manage assets on behalf of millions of individuals, effectively representing a broad base of ownership.

Tilray Brands, Inc. was founded in 2013 in Nanaimo, British Columbia, Canada. Key figures in its establishment include Brendan Kennedy, recognized as a principal founder, and Greg Engel, who served as an original founder and CEO. The company's initial operations were supported by approximately $30 million in funding from private investors.

Early Institutional Investment

Founders Fund, a venture capital firm based in San Francisco, made the first institutional investment in Tilray within the cannabis sector. This significant backing occurred at the close of 2014.

Initial Incorporation

Tilray was initially incorporated under Seattle-based Privateer Holdings. This relationship played a crucial role in the company's early structure and governance.

Post-IPO Voting Structure

Following its Initial Public Offering (IPO) in July 2018, Tilray adopted a dual-class share structure. This arrangement influenced voting power among shareholders.

Class 2 Shares

The Class 2 common stock, offered during the IPO, granted one vote per share. This class was made available to the broader investing public.

Class 1 Shares and Control

Class 1 stock, held exclusively by Privateer Holdings, carried three votes per share. This structure ensured concentrated control by the initial stakeholders.

Voting Power Distribution

Post-IPO, Privateer Holdings held approximately 93% of the total voting power. This made Tilray a 'controlled company' according to NASDAQ listing rules.

The initial ownership structure of Tilray Brands was designed to maintain concentrated control, primarily through the dual-class share system implemented at its IPO. This structure, where Class 1 shares held by Privateer Holdings had significantly more voting power than Class 2 shares available to the public, ensured that the founding vision could be executed with a strong guiding hand. Specific details on individual founder equity stakes at inception are not publicly disclosed, but the influence of Privateer Holdings was paramount in the early stages, as detailed in the Brief History of Tilray Brands.

Early Ownership Dynamics

The early ownership of Tilray Brands was characterized by a significant concentration of voting power with its initial backers and founders. This strategic decision influenced the company's direction and governance in its formative years.

• Brendan Kennedy and Greg Engel were instrumental in the company's founding.
• Founders Fund provided crucial early institutional investment.
• Privateer Holdings initially held a majority of the voting power post-IPO.
• A dual-class share structure was implemented to manage voting rights.

Tilray Brands SWOT Analysis

• Complete SWOT Breakdown
• Fully Customizable
• Editable in Excel & Word
• Professional Formatting
• Investor-Ready Format

GET TEMPLATE ➔

Tilray Brands' ownership journey has been dynamic, significantly shaped by its initial public offering and a subsequent major merger. The company's debut on the NASDAQ in July 2018 marked a pivotal moment, establishing it as the first cannabis entity to list on the exchange and raising substantial capital.

Following its IPO, Tilray Brands underwent a transformative merger with Aphria, completed in May 2021. This reverse acquisition structure resulted in Aphria shareholders becoming the majority owners of the combined entity, which continued under the Tilray Brands name. This strategic move significantly altered the Tilray Brands ownership landscape, consolidating operations and expanding its global footprint.

Key Stakeholder Dynamics

The current ownership of Tilray Brands is primarily held by institutional investors and public shareholders. These major investors play a crucial role in shaping the company's strategic decisions and its Growth Strategy of Tilray Brands.

• Institutional investors, such as large asset management firms, are significant Tilray Brands shareholders.
• Public shareholders represent a broad base of individual investors.
• The company's market capitalization as of August 2025 is between $1.16 billion and $1.17 billion.
• Approximately 1.10 billion shares are currently outstanding.
• The company's aggressive acquisition strategy is influenced by its stakeholder base.

Tilray Brands PESTLE Analysis

• Covers All 6 PESTLE Categories
• No Research Needed – Save Hours of Work
• Built by Experts, Trusted by Consultants
• Instant Download, Ready to Use
• 100% Editable, Fully Customizable

GET TEMPLATE ➔

The governance of Tilray Brands, Inc. is managed by its Board of Directors, responsible for strategic oversight and decision-making. Irwin D. Simon holds the positions of Chairman and Chief Executive Officer, with Brendan Kennedy, a founder, also serving on the board.

Tilray Brands operates with a classified board structure, a measure considered to foster continuity and a long-term outlook in management. The voting power for its common stock is generally structured on a one-share-one-vote basis. Historically, prior to the merger with Aphria, a dual-class share structure existed where certain shares held by Privateer Holdings carried more voting rights. While the merger diluted this initial control, the company's filings indicate that as of September 26, 2024, stockholders of record were entitled to vote on a one-share-one-vote basis. Discussions have occurred regarding potential capital structure adjustments, such as a reverse stock split, which would necessitate shareholder approval.

Understanding Tilray Brands' Shareholder Structure

Tilray Brands' ownership is influenced by its board composition and historical voting structures. The company's move towards a unified voting system reflects a common trend in corporate governance.

• Irwin D. Simon is both Chairman and CEO.
• Brendan Kennedy is a founding member on the board.
• The board includes several independent directors.
• The company has considered a classified board structure.
• Voting power is generally one-share-one-vote for common stock.

Tilray Brands Business Model Canvas

• Complete 9-Block Business Model Canvas
• Effortlessly Communicate Your Business Strategy
• Investor-Ready BMC Format
• 100% Editable and Customizable
• Clear and Structured Layout

GET TEMPLATE ➔

Over the past three to five years, Tilray Brands has significantly reshaped its ownership and business through strategic moves. A key event was the 2021 merger with Aphria, where Aphria shareholders gained approximately 62% ownership of the combined entity, establishing a new ownership base.

Tilray Brands has actively pursued a strategy of consolidation and diversification, notably through its merger with Aphria in May 2021, which saw former Aphria shareholders assume approximately 62% ownership of the newly formed entity. This was followed by further strategic acquisitions, including HEXO Corp in 2023, bolstering its standing in the Canadian cannabis sector. The company has also made substantial inroads into the beverage alcohol market, acquiring several craft beer and spirits brands in 2024, such as Hop Valley Brewing, Revolver Brewing, and Terrapin Beer Company from Molson Coors. These acquisitions have positioned Tilray Brands as the 5th largest craft brewer in the U.S. and are instrumental in its strategy to diversify revenue, with non-cannabis segments contributing nearly 70% to its total revenue of $821 million in fiscal year 2025. This diversification is a key trend for Tilray Brands ownership, moving beyond its initial cannabis focus.

Strategic Acquisitions Drive Ownership Shifts

The acquisition of HEXO Corp in 2023 and multiple craft breweries in 2024 have altered the ownership landscape by integrating new assets and revenue streams.

Diversification Beyond Cannabis

Non-cannabis segments now represent a significant portion of Tilray Brands' revenue, indicating a strategic shift in its overall business and, by extension, its ownership interests.

Focus on Financial Health and Listing Compliance

Efforts to reduce debt and maintain Nasdaq compliance, including a potential reverse stock split, reflect ongoing management of Tilray Brands ownership structure.

Industry Consolidation Trends

Tilray Brands' strategic moves align with broader industry trends of consolidation and diversification within the evolving cannabis and consumer packaged goods sectors.

Tilray Brands Porter's Five Forces Analysis

• Covers All 5 Competitive Forces in Detail
• Structured for Consultants, Students, and Founders
• 100% Editable in Microsoft Word & Excel
• Instant Digital Download – Use Immediately
• Compatible with Mac & PC – Fully Unlocked

GET TEMPLATE ➔