---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002224"
form_type: "8-K/A"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2023-04-11T23:59:59+00:00"
generated_at: "2026-06-17T03:41:51.771659+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tilray Q3 revenue $145.6M, adjusted EBITDA $14M; acquires HEXO for ~$56M

## Summary
- Net revenue $145.6M, up from $144.1M prior quarter; constant-currency revenue $154.2M (+2% YoY).
- Adjusted EBITDA $14.0M, 16th consecutive positive quarter; reiterated FY23 adjusted EBITDA guidance of $60-66M.
- Acquires 100% of HEXO Corp. for ~$56M in stock (0.4352 Tilray shares per HEXO share); expected close June 2023.
- Pro-forma Canadian cannabis market share of 12.9% and #1 position; net sales ~$215M from combined Canadian operations.
- Cash and marketable securities $408.3M; reiterated positive free cash flow from operating segments in FY23.

## SEC filing metadata
- accession: 0001171843-23-002224
- form_type: 8-K/A
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2023-04-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000117184323002224/0001171843-23-002224-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000117184323002224/f8ka_041023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002224
- JSON: https://secwatch.observer/filing/0001171843-23-002224.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002224.txt

## Key facts
- Earnings Releases
  Tilray Brands, Inc. reported third fiscal quarter ended February 28, 2023 results: revenue $145.6 million. Guidance reaffirmed.
  - Period: third fiscal quarter ended February 28, 2023
  - Revenue: $145.6 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Delivered $145.6 Million in Net Revenue and 16 th Consecutive Quarter of Positive Adjusted EBITDA Maintained #1 Cannabis Market Share Position in Canada, the Largest Federally Legal
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000117184323002224/0001171843-23-002224-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.