Tilray Brands Cannabis Net Revenue increased 20% Y/Y To $70M in Q1 FY24, Beverage Alcohol Net Revenue Increased 17% to $24M
Portfolio Pulse from Benzinga Newsdesk
Tilray Brands reported a 20% year-over-year increase in its cannabis net revenue to $70M in Q1 FY24. The company's beverage alcohol net revenue also increased by 17% to $24M.
October 04, 2023 | 11:07 am
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POSITIVE IMPACT
Tilray Brands' Q1 FY24 earnings report shows a 20% Y/Y increase in cannabis net revenue and a 17% increase in beverage alcohol net revenue.
The reported increase in both cannabis and beverage alcohol net revenues indicates a positive financial performance for Tilray Brands. This could potentially lead to a positive market reaction, increasing the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100