TLRY - Tilray Brands Q1 Cannabis Revenue Increases 9% QoQ Narrows Net Loss | Benzinga
Canadian marijuana giant Tilray Brands (NASDAQ: TLRY) (TSX:TLRY), reported its financial results on Wednesday for its first quarter of fiscal year 2024 ended August 31, 2023.
"Today, Tilray Brands is the most diversified global cannabis-lifestyle and CPG company in the world with four distinct and complementary business segments – medical and adult-use cannabis, beverages including, craft beer, spirits, ready-to-drink mixed cocktails in a can, non-alcoholic drinks, THC and CBD beverages, wellness products, and medical distribution,” Irwin D. Simon, Tilray Brands’ chairman and CEO stated. "The balance we have brought to our diversified business model has positioned Tilray Brands as the #1 Canadian cannabis LP, the market leader in medical cannabis across Europe, a leader in the hemp foods industry, and a formidable player in the fast-growing craft beverage-alcohol industry with a growing leadership position.”
Q1 Financial Highlights
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Net revenue increased 15% to $177 million in ...