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Aug 31, 2023
Tilray Q1 2024 Earnings Report
Tilray reported record Q1 net revenue and increased cannabis market share.
Key Takeaways
Tilray Brands reported a record Q1 net revenue of $177 million, a 15% increase year-over-year. The company also increased its #1 cannabis market share position in Canada to 13.4%. With the acquisition of eight craft beer and beverage brands, Tilray became the 5th largest U.S. craft beer brewer with 5% market share.
Achieved record Q1 net revenue of $177 million, representing 15% year-over-year growth.
Increased #1 cannabis market share position in Canada to 13.4%.
Grew Canadian cannabis revenue by 16.5% and international cannabis revenue by 37%.
Became the 5th largest U.S. craft beer brewer with 5% market share after acquiring eight craft beer and beverage brands.
Forward Guidance
Tilray Brands is reiterating its adjusted EBITDA target of $68 million to $78 million for fiscal year 2024, representing growth of 11% to 27% compared to fiscal year 2023. The Company also expects to generate positive adjusted free cash flow.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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