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Feb 28, 2023

Tilray Q3 2023 Earnings Report

Reported $145.6 million in net revenue and marked the 16th consecutive quarter of positive adjusted EBITDA.

Key Takeaways

Tilray Brands reported its Q3 fiscal year 2023 financial results, achieving $145.6 million in net revenue and maintaining its #1 cannabis market share in Canada. The company also announced the acquisition of HEXO Corp.

Delivered $145.6 million in net revenue.

Achieved 16th consecutive quarter of positive adjusted EBITDA.

Maintained #1 cannabis market share position in Canada.

Announced accretive acquisition of 100% of HEXO Corp.

Total Revenue
$146M
Previous year: $152M
-4.1%
EPS
-$0.04
Previous year: -$0.08
-50.0%
Gross Profit
-$11.7M
Previous year: $40M
-129.2%
Cash and Equivalents
$165M
Previous year: $416M
-60.3%
Total Assets
$4.38B
Previous year: $5.45B
-19.7%

Tilray

Tilray

Forward Guidance

Tilray is focused on being the leading, most diversified cannabis lifestyle and CPG company in the world, with a strategy centered on targeted growth opportunities and cost efficiencies.