---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-000147"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2024-01-09T23:59:59+00:00"
generated_at: "2026-06-07T01:36:06.122226+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

# Tilray Q2 FY2024 net revenue $194M (+34% YoY); net loss narrows to $46M

## Summary
- Record Q2 net revenue $194M vs $144M prior year; cannabis revenue up 35%, beverage alcohol up 117%.
- Net loss decreased to $46M ($0.07 per share) from $62M ($0.11); adjusted EBITDA $10.1M.
- Reiterates FY2024 adjusted EBITDA target of $68M-$78M; expects positive adjusted free cash flow.
- Reduced convertible debt by $127M in Q2 and $18M subsequently; total cost savings target of $30-$35M from HEXO integration.
- Became #5 U.S. craft brewer after acquiring eight beer and beverage brands from Anheuser-Busch.

## SEC filing metadata
- accession: 0001171843-24-000147
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2024-01-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000117184324000147/0001171843-24-000147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000117184324000147/f8k_010924.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-000147
- JSON: https://secwatch.observer/filing/0001171843-24-000147.json
- Plain text: https://secwatch.observer/filing/0001171843-24-000147.txt

## Key facts
- Earnings Releases
  Tilray Brands, Inc. reported second quarter fiscal year 2024 ended November 30, 2023 results: revenue $194 million, net income $46 million, EPS ($0.07). Guidance reaffirmed.
  - Period: second quarter fiscal year 2024 ended November 30, 2023
  - Revenue: $194 million
  - Net income: $46 million
  - EPS: ($0.07)
  - Guidance: reaffirmed
  - Result: reported results
  source text: --- EX-99.1 (PRESS RELEASE) --- EX-99.1 2 exh_991.htm PRESS RELEASE EdgarFiling EXHIBIT 99.1 Tilray Brands Delivers Record Q2 Fiscal 2024 Net Revenue Record Q2 Net Revenue of $194 Million, Increases 34% Over the Prior Year Period Global Cannabis Leader with #1 Market Share in Canada and 31% Growth in Canadian Cannabis Net Revenue, Medical Cannabis Leader in Europe
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000117184324000147/0001171843-24-000147-index.htm

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