---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-006036"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2023-10-04T23:59:59+00:00"
generated_at: "2026-06-10T04:53:38.136603+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tilray Q1 revenue $177M (+15%); net loss narrows to $56M; reaffirms FY2024 EBITDA target $68-78M

## Summary
- Net revenue $177M (+15% YoY); net loss $56M ($0.10/sh) vs $66M ($0.13/sh) prior year.
- Cannabis revenue $70M (+20% YoY); Canadian market share #1 at 13.4%; international cannabis +37%.
- Beverage alcohol revenue $24M (+17% YoY); gross margin expanded to 53% from 47%.
- Closed acquisition of eight beer/beverage brands from Anheuser-Busch; now 5th largest U.S. craft brewer.
- Adjusted EBITDA $11.4M (vs $13.5M prior); FY2024 adjusted EBITDA guidance reaffirmed at $68-78M; liquidity ~$466M.

## SEC filing metadata
- accession: 0001171843-23-006036
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2023-10-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000117184323006036/0001171843-23-006036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000117184323006036/f8k_100423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-006036
- JSON: https://secwatch.observer/filing/0001171843-23-006036.json
- Plain text: https://secwatch.observer/filing/0001171843-23-006036.txt

## Key facts
- Earnings Releases
  Tilray Brands, Inc. reported first quarter fiscal year 2024 ended August 31, 2023 results: revenue $177 million, net income $56 million (net loss), EPS ($0.10) per share.
  - Period: first quarter fiscal year 2024 ended August 31, 2023
  - Revenue: $177 million
  - Net income: $56 million (net loss)
  - EPS: ($0.10) per share
  - Result: reported results
  source text: Tilray Brands Reports Q1 2024 Financial Results Record Q1 Net Revenue of $177 Million, Representing 15% Growth Year over Year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000117184323006036/0001171843-23-006036-index.htm

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