secwatch.observer — SEC 8-K summary
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Issuer:     Tilray Brands, Inc. (TLRY)
CIK:        0001731348
Form:       8-K
Filed at:   2026-10-08T11:00:19+00:00
Accession:  0001171843-26-006527
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Tilray Q1 FY27 revenue up 23% to $257.1M; net loss $40M on non-cash charges, BrewDog lifts beverage
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- Net revenue $257.1M, up 23% YoY from $209.5M; gross profit $77.5M (+35%) with gross margin expanding ~300 bps to 30%.
- Net loss $40.0M, or $0.32 per share, driven predominantly by non-cash charges; adjusted net loss $3.0M, or $0.02/sh.
- Adjusted EBITDA $9.2M vs $10.2M a year ago, burdened by ~$1.7M of global fuel surcharges.
- Beverage revenue jumped 82% to $101.5M on the BrewDog acquisition; beverage gross margin 41% and BrewDog reached profitability in Q1.
- Cannabis revenue fell to $56.1M from $64.5M though cannabis gross margin rose to 39%; EMEA revenue +71%; distribution revenue +14% to $84.3M; wellness flat at $15.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1731348/000117184326006527/0001171843-26-006527-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1731348/000117184326006527/f8k_100826.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-006527

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