Tilray Brands Sees 13% Revenue Increase Despite Quarterly Loss

The cannabis company reports a US$34.7 million loss for Q1, with significant growth in its beverage alcohol sector.

Tilray Brands reported a net revenue of US$200 million for the first fiscal quarter, a 13% increase from the same period last year.
The company's net loss improved to US$34.7 million, down from US$55.9 million in the previous year.
Tilray's beverage alcohol division saw a remarkable 132% growth, generating US$56 million in revenue.
The cannabis segment experienced a decline, with revenue dropping from US$70.3 million to US$61.2 million.
Tilray continues to invest in strategic growth, including a new line of hemp-derived beverages and brewery acquisitions.