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Tilray posts record revenue but cannabis sales drop, shares fall 4% amid profit pressure

Market News
08 Oct 2026
24/7 Wall Street
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Bearish
Tilray posts record revenue but cannabis sales drop, shares fall 4% amid profit pressure

Tilray Brands reported a first-quarter revenue record, rising 23% year-over-year, driven by gains in its beer and distribution segments following the BrewDog acquisition. However, its core cannabis sales declined, falling to $56.1 million, causing investor concern and a 4% drop in its stock price. Despite higher revenue and gross profit, adjusted earnings before interest, taxes, depreciation, and amortization decreased due to factors like global fuel surcharges. The company remains optimistic with a net cash position and reduced debt, but the market will watch closely to see if cannabis sales stabilize and profitability improves in coming quarters. Canopy Growth and Aurora Cannabis, more focused on cannabis, showed smaller stock declines, indicating Tilray's mixed results are company-specific rather than sector-wide.

Tilray Brands' mixed earnings results are mirrored in its stock performance on Pluang, where TLRY is down 3.36% at USD 3.59 as of Oct 08, 2026 21:21 WIB. Canopy Growth and Aurora Cannabis, which focus more on cannabis, show smaller declines of 1.88% and 1.35% respectively, trading at USD 0.86 and USD 4.40. This suggests that Tilray's challenges are more company-specific rather than reflecting the broader cannabis sector.

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