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Tilray Brands (NASDAQ:TLRY) Stock Falls 1.4% After Analyst Downgrade
Tilray Brands (NASDAQ:TLRY) reported record first-quarter revenue and gross profit, driven by its BrewDog acquisition, international cannabis growth and pharmaceutical distribution operations, while reaffirming fiscal 2027 adjusted EBITDA guidance of $68 million to $75 million. Net revenue rose 23%
Tlray Brands slipped about 3% today to US$3.59, even though the fresh quarter showed some of the cleanest progress this cannabis and beverage hybrid has reported in a while. Q1 revenue landed at US$257.1 million and gross profit reached US$77.5 million, while the business still posted a net loss of about US$40…