Tilray Brands reported record first-quarter net revenue of $257.1 million, a 23% increase year-over-year, driven by an 82% surge in beverage sales following the BrewDog acquisition and strong international cannabis growth. Gross profit expanded 35% to $77.5 million with gross margin improving to 30%. The company reduced outstanding debt by $42 million year-to-date and ended the quarter with a net cash position of $221.4 million. Tilray reaffirmed its fiscal 2027 adjusted EBITDA guidance of $68 million to $75 million. Tilray Brands operates as a global lifestyle and consumer packaged goods company with leading positions in cannabis, beverage, hospitality, and wellness.
