Tilray Brands Narrows Loss as Cannabis Business Grows

Dow Jones01-09

By Katherine Hamilton

Tilray Brands narrowed its loss and recorded higher sales in the fiscal second quarter thanks to growth in its cannabis business.

The cannabis and beverage company on Thursday posted a loss of $43.5 million, or 41 cents a share, in the quarter ended Nov. 30, compared with a loss of $85.3 million, or 99 cents a share, a year earlier.

Analysts expected a loss of 21 cents a share.

Revenue rose 3% to $217.5 million. Analysts surveyed by FactSet forecast revenue of $210.9 million.

Sales from Tilray's cannabis business increased 3% to $67.5 million, thanks to a 36% jump in international cannabis and a 6% bump in Canadian adult-use cannabis.

Growth was weighed down somewhat by a lower presence in Canadian wholesale cannabis in anticipation of deployment in international markets, Tilray said.

Revenue from beverages fell 21% and wellness sales were roughly flat.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

January 08, 2026 16:19 ET (21:19 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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