Cannabis firm Tilray's Q1 revenue rises 82% on BrewDog acquisition

Tilray Brands

08/10/2026 12:11

Overview
Canada cannabis and beverage firm's fiscal Q1 revenue rose 23% yr/yr to $257 mln
Adjusted net loss was $3 mln, or $0.02 per share, for the quarter
Company reduced outstanding debt by $42 mln and ended Q1 with net cash position

Outlook
Tilray reaffirms fiscal 2027 adjusted EBITDA guidance of $68 mln to $75 mln
Company expects financial results to be more weighted toward the second half of fiscal 2027

Result Drivers
BEVERAGE BUSINESS - Co said beverage revenue rose 82% yr/yr to $101.5 mln, driven by BrewDog acquisition and expanded gross margin
INTERNATIONAL GROWTH - Co said EMEA revenue increased 71%, led by medical cannabis, beverage and pharmaceutical distribution
CANNABIS GROSS MARGIN - Co said cannabis gross margin expanded to 39% from 36% despite lower cannabis revenue

Company press release: ID:nGNXbrVFVQ

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
$257.15 mln
 
Q1 Adjusted Loss Per Share
 
$0.02
 
Q1 Loss Per Share
 
$0.32
 
Q1 Adjusted Net Loss
 
$3 mln
 
Q1 Net Loss
 
$40.03 mln
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
Wall Street's median 12-month price target for Tilray Brands Inc is C$6.25, about 17.5% above its October 7 closing price of C$5.32

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)