Tilray Q4 2024 Earnings Report
Key Takeaways
Tilray Brands reported a 26% increase in net revenue for fiscal year 2024, driven by growth across its cannabis, beverage, and wellness businesses. The company achieved record-breaking performance in gross profit and adjusted EBITDA, generated positive adjusted free cash flow, and reduced net convertible debt by approximately $300 million.
Achieved 26% net revenue growth in Fiscal Year 2024.
Reached record fiscal 2024 gross profit.
Reduced net convertible debt by ~$300 million in Fiscal 2024.
Successfully completed three acquisitions: eight iconic craft brands from Anheuser-Busch, HEXO Corp., and Truss Beverage Co.
Tilray
Tilray
Forward Guidance
Tilray Brands is poised to continue to disrupt the CPG industry globally, leading the convergence of cannabis, beverages, and wellness.
Positive Outlook
- Tilray Brands is leading the convergence of cannabis, beverages, and wellness on a global scale.
- In Fiscal 2024, the Company achieved remarkable growth across its businesses
- Company achieved record-breaking performance in gross profit and adjusted EBITDA
- Company generated positive adjusted free cash flow for the fiscal year.
- Company has also significantly reduced our net convertible debt by ~$300 million and surpassed our cost-savings synergy target, which has strengthened our balance sheet.