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Tilray, Inc. (TLRY) Reports Q1 Revenue of $153.2M, Net Loss of $66M

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Tilray Brands’ First Quarter Fiscal Year 2023 Performance Affirms Global Cannabis Leadership

October 7, 2022 7:00 AM EDT

Reported Net Revenue at $153.2 Million; On a Constant Currency Basis, Net Revenue Remained Strong at $166.5 Million

Cannabis Gross Margin Increased to 51% from 43% in the Prior Year Quarter

Delivered $108 Million in Annualized Cash Savings to Date, Expects to Deliver $130 Million Across Corporate Optimization Plans

Second Highest Adjusted EBITDA in Companys History Marking the 14th Consecutive Quarter of Positive Adjusted EBITDA

Strong Balance Sheet with ~$500 Million in... More