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flag Tilray stock soared 300% since July on U.S. cannabis reform hopes, despite losses and declining core business.

flag Tilray Brands (TLRY) stock surged 300% since July on hopes of U.S. cannabis reform, though the company remains unprofitable with a $174.7 million operating loss in its latest fiscal year, despite a 4% revenue increase to $821.3 million. flag Its core cannabis business declined 9%, and growth has relied on acquisitions in alcohol and wellness. flag Earnings are due October 9, 2025, and past reports have triggered sell-offs, raising concerns ahead of the release amid stalled U.S. legalization and banking reform efforts.

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