Canadian cannabis company Tilray Brands reported Q1 net revenue of $200 million, a 13% increase, with net loss improving to $34.7m.

Tilray Brands, a Canadian cannabis company, reported a Q1 net revenue of $200 million, a 13% increase from the previous year. The company’s net loss improved to $34.7 million, down from $55.9 million. Revenue from its beverage alcohol segment rose significantly, while cannabis revenue declined. Tilray's recent expansion includes launching a hemp-derived Delta-9 THC beverage line and acquiring a brewery from Molson Coors.

October 10, 2024
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