Tilray Brands, a global cannabis and consumer packaged goods company, announced improved financial results for Q1 fiscal 2025, which ended on August 31, 2024. The company reported substantial increases in gross profit and net beverage revenue, along with a 38% decrease in net losses year-over-year.
Tilray Brands operates in over 20 countries supporting more than 40 brands. The company’s stock has experienced a decline of 26.80% year-over-year and over 90% since 2019.
In Q1 2025, Tilray Brands saw a 13% year-over-year increase in net revenue to US$200 million. Gross profit also rose by 35% year-over-year to US$59.7 million, with a corresponding increase in gross margin from 25% to 30%. The company’s net loss decreased by 38% year-over-year, from -US$55.9 million to -US$34.7 million. Additionally, adjusted net loss per share improved to -US$0.01 from -US$0.04 year-over-year.
Tilray Brands achieved significant growth in several sectors, including beverage alcohol net revenue, cannabis net revenue, distribution net revenue, and wellness net revenue. The company’s strong performance in Q1 2025 follows a successful fiscal year 2024, marked by reduced net losses, revenue growth, and improved profitability.
Irwin D. Simon, Chairman and CEO of Tilray Brands, expressed excitement about the company’s disruptive initiatives in the consumer-packaged goods industry. He emphasized Tilray’s commitment to innovation, growth, and strategic planning aimed at enhancing revenue, operational efficiencies, and profitability.
Simon also highlighted the potential impact of the upcoming U.S. presidential elections on the cannabis industry, expressing optimism about regulatory changes that could occur under either candidate’s administration.
Tilray Brands continues to be a key player in the global cannabis and consumer packaged goods market, with a focus on driving growth and staying ahead of industry trends. The company’s stock performance reflects market trends, with a current decline of 5.33% and a significant decrease year-over-year and since 2019.
Investors and stakeholders can engage in discussions about Tilray’s financial results on platforms like the Tilray Brands Inc Bullboard and Stockhouse’s stock forums. It is important to note that the information provided in this article is for informational purposes only and does not constitute investment advice. For full disclaimer information, please refer to the provided link.
