secwatch.observer — SEC 8-K summary
======================================

Issuer:     Tilray Brands, Inc. (TLRY)
CIK:        0001731348
Form:       8-K
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0001171843-23-006036
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1731348/000117184323006036/0001171843-23-006036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1731348/000117184323006036/f8k_100423.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-006036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer