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Tilray shares fall 4% despite record Q3 revenue, as EPS misses and dilution concerns weigh on investors

Company Fundamentals
01 Apr 2026
24/7 Wall Street
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Bearish
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Tilray Brands reported record Q3 revenue of $206.7 million, beating estimates, but its adjusted EPS loss of $0.24 missed expectations by a wide margin, causing shares to drop 4%. Investors remain cautious due to ongoing shareholder dilution, legal issues, and slow U.S. cannabis rescheduling progress. The company’s pivot to beverages is promising but unproven at scale. While international cannabis revenue surged 73% and management reaffirmed positive EBITDA guidance, the market awaits proof that revenue growth can translate into sustainable profits and shareholder returns.

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