{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-25-002081","form_type":"8-K","ticker":"TLRY","cik":"0001731348","company_name":"Tilray Brands, Inc.","filed_at":"2025-04-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.506387+00:00","generated_at":"2026-05-23T19:05:27.304407+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Tilray Q3 net revenue $186M; adjusted EBITDA $9M; cannabis margin up 800bps; debt reduced $71M","bullets":["Net revenue $185.8M vs $188.3M prior year; constant currency ~$193M; SKU rationalization hit $13.2M.","Net loss $(793.5)M from ~$700M non-cash impairment; adjusted net loss $(2.9)M vs adjusted net income $0.9M.","Cannabis gross margin 41% (+800 bps); segment revenue $54.3M vs $63.4M on international redirect and pause in vapes/pre-rolls.","Beverage alcohol revenue $55.9M (up $1.2M); gross margin 36% (+200 bps).","Debt reduced $71M, including $58M convertible notes; $248M cash/securities; net debt/EBITDA <1x; revises FY2025 guidance to $850-900M."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-25-002081","json":"https://secwatch.observer/filing/0001171843-25-002081.json","markdown":"https://secwatch.observer/filing/0001171843-25-002081.md","text":"https://secwatch.observer/filing/0001171843-25-002081.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1731348/000117184325002081/0001171843-25-002081-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1731348/000117184325002081/f8k_040825.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T19:05:27.304407+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}