Tilray Brands Inc TLRY

Alternate Symbol(s): T.TLRY

Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company. The Company operates through four segments: Cannabis operations, Distribution business, Beverage alcohol business and Wellness business. The Cannabis operations, which encompasses the production, distribution, sale, co-manufacturing and advisory services of both medical and adult-use cannabis. The Beverage alcohol operations, which encompasses the production, marketing and sale of beverage alcohol products. The Distribution operations, which encompasses the purchase and resale of pharmaceuticals products to customers. The Wellness products, which encompasses hemp foods and cannabidiol (CBD) products. The Company offers a portfolio of adult-use brands and products and expands its portfolio to include new cannabis products and formats. Its brands include Good Supply, RIFF, Broken Coast, Solei, Canaca, HEXO, Redecan, Original Stash, Hop Valley, Revolver, Bake Sale, XMG, Mollo, and others.

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Tilray Brands Inc > Tilray Brands Inc. Positive Report Q2

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Post by Ventura2020on Jan 10, 2022 8:40am

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Post# 34299186

Tilray Brands Inc. Positive Report Q2

Revenue down, but report positve! Nce job on the synergies, up 15m.

Earnings Beat: Tilray beat on fiscal second-quarter earnings. The company reported break-even earnings while the Zacks Consensus Estimate was a loss of 9 cents.

Revenues Beat: Revenue missed expectations. Tilray posted revenues of $155.1 million missing our consensus estimate of $173 million.

Key Stats: The company achieved $70 million in cost synergies to date. The company expect to reach $80 million synergy target, ahead of schedule, by May 31, 2022 and to generate an additional $20 million in synergies in fiscal 2023. Tilray also announced a new parent name, Tilray Brands, Inc.

Pre-Market Trading: Shares are up in pre-market trading.

Good job King Simon! The globe is ours!

glta
V