Tilray Brands Reaffirms FY24 Adjusted EBITDA Target Of $68M-$78M; On Track to Achieve $30M-$35M In Annual Savings Related To Integration of HEXO Acquisition
Portfolio Pulse from Benzinga Newsdesk
Tilray Brands has reaffirmed its FY24 adjusted EBITDA target of $68M-$78M and is on track to achieve $30M-$35M in annual savings from the integration of its HEXO acquisition.
January 09, 2024 | 12:05 pm
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POSITIVE IMPACT
Tilray Brands is on course to meet its FY24 adjusted EBITDA target and expects significant annual savings from the HEXO acquisition.
Reaffirming the EBITDA target and projecting substantial savings from an acquisition are positive indicators for financial health and operational efficiency. This news is likely to be viewed favorably by investors, potentially leading to a short-term positive impact on TLRY's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100