Tilray Brands reports revenue growth amid declining EBITDA

Tilray Brands has maintained its annual guidance despite reporting a decline in adjusted EBITDA for the first quarter of fiscal year 2027. While net revenue rose 23% to $257.1 million compared to the previous year, adjusted EBITDA fell to $9.2 million from $10.2 million in the same period.

The company's performance showed a significant divergence between its business segments. The beverage division experienced substantial growth, with revenue increasing by 82% to $101.5 million. In contrast, the cannabis segment reported lower figures, contributing $56.1 million to the total revenue.

Tilray also reported a net loss of $40.0 million. Following the release of these financial results, the company's stock faced downward pressure, closing at $3.04, a decrease of 5.3% on Friday.