Tilray Brands, Inc. (NASDAQ:TLRY) reported financial results Thursday for its first fiscal quarter ended August 31. The Canadian cannabis giant had a net revenue of $200 million, up by 13% from $177 million in the prior year quarter, but down from $229.882 million in the previous quarter.
"As the chairman and CEO of Tilray Brands, I am excited to lead a company that is disrupting the CPG industry through innovative products that are transforming the way consumers eat, drink and unwind with cannabis, hemp and beverage products," stated Irwin D. Simon, Tilray Brands' chairman and chief executive officer. "Our investments in the cannabis, wellness, beverage, and distribution industries are focused on shaping the future and staying ahead of the curve. We are dedicated to executing our strategic plan to increase revenue, drive operational efficiencies, and improve margins and profitability while investing in our continued growth. Our commitment to innovation and growth is unwavering."
Q1 Financial Highlights
Gross profit increased ...
