Tilray Q3 revenue $145.6M, announces $56M acquisition of HEXO Corp

Tilray Brands, Inc.

2022-Q3 EPS reported -$2.20 revenue$442,936,000

Net revenue $145.6M; 16th consecutive quarter of positive adjusted EBITDA ($14.0M).
Recorded non-cash $1.1B net asset reduction (impairment) – no cash impact.
Acquiring HEXO Corp for ~$56M in stock (0.4352 Tilray shares per HEXO share); expected close June 2023.
Pro-forma Canadian market share ~12.9%, net sales ~$215M.
Reiterates FY2023 positive free cash flow from operating segments.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Tilray Brands, Inc. reported financial results for third fiscal quarter ended February 28, 2023.

Period: third fiscal quarter ended February 28, 2023
Result: reported results

Exact text from the filing

On April 10, 2023, Tilray Brands, Inc. (“Tilray”) issued a press release announcing financial results for its third fiscal quarter ended February 28, 2023.

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Source: SEC EDGAR

accession 0001171843-23-002221

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