Guap joins later in the show to discuss the latest headlines in the space including Tilray's earnings, expansions in the alcohol business, and how that might impact the company's operations in cannabis. Tilray just released their report for Q1 2025. Among some of the big highlights: $200 million in net revenue, representing a 13% growth year over year; an increase in gross profit of 35% to $59.7 million; and an increase in gross margin of over 500 basis points, to 30%. Adjusted EBITDA is $9.3 million compared to $10.7 million in the prior year quarter. This week, Canopy Growth Corporation confirmed the acquisition of Wana has been completed. Canopy USA now owns 100% of the outstanding equity interests in Wana. Find out more about what this means for investors in this episode of Trade To Black.