Tilray Brands’ revenue growth clashes with persistent losses

USA | In its financial year 2026 (ended May), the cannabis-to-beverage group Tilray Brands delivered USD 915.5 million in revenue, up 11 percent, and USD 61.1 million in adjusted EBITDA. The firm reported on 28 July that its beverage segment contributed about USD 254 million, thanks to the BrewDog acquisition. Otherwise, full year beverage revenue would have declined over 2025. However, Tilray also reported yet another annual net loss – this time of USD 121.4 million. So the path to self-funded growth is not yet in place.

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