---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-001910"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2024-04-09T23:59:59+00:00"
generated_at: "2026-06-04T01:01:00.916249+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Tilray Q3 revenue up 30% to $188M; adjusts FY EBITDA guidance to $60-63M

## Summary
- Net revenue $188.3M (+30% YoY); beverage-alcohol revenue surged 165% to $54.7M on craft acquisitions.
- Net loss narrowed to $105M ($0.12 per share) vs $1.2B loss a year ago; adjusted EBITDA fell to $10.2M from $13.3M.
- Cannabis revenue up 33% to $63.4M; international cannabis growth 44% YoY; #1 market share in Canada and Germany.
- FY2024 adjusted EBITDA guidance lowered to $60-63M; no longer expects positive adjusted free cash flow for FY2024.
- Reduced convertible debt by $50.7M in Q3, $41.9M post-quarter; liquidity $226M (cash + marketable securities).

## SEC filing metadata
- accession: 0001171843-24-001910
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2024-04-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000117184324001910/0001171843-24-001910-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000117184324001910/f8k_040924.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-001910
- JSON: https://secwatch.observer/filing/0001171843-24-001910.json
- Plain text: https://secwatch.observer/filing/0001171843-24-001910.txt

## Key facts
- Earnings Releases
  Tilray Brands, Inc. reported third quarter ended February 29, 2024 results: revenue $188.3 million, net income ($0.12), EPS ($0.12).
  - Period: third quarter ended February 29, 2024
  - Revenue: $188.3 million
  - Net income: ($0.12)
  - EPS: ($0.12)
  - 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, Inc. Reports Q3 Fiscal 2024 Financial Results Achieved Net Revenue of $188 Million, ~ 30% Net Revenue Growth Over the Prior Year Quarter Beverage-Alcohol Net Revenue Increases 165% Over the Prior Year Quarter, 5th Largest Craft Beer Brewer in the U.S. 1 with
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000117184324001910/0001171843-24-001910-index.htm

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