TLRY Tilray Brands Tilray Brands (NASDAQ:TLRY) seems like an exciting opportunity among cannabis stocks. The company’s growth has been accelerating and sustained margin improvement seems to be on the cards. At current levels of $1.7, TLRY stock seems poised for a big breakout.
For Q2 2024, Tilray reported revenue growth of 34% on a year-on-year basis to $194 million. For the same period, cannabis net revenue increased by 31% and international cannabis revenue surged by 55%. Growth in international markets was driven by the medicinal cannabis business.
It’s also worth noting that with multiple acquisitions last year, Tilray is the fifth-largest craft beer brewing company in the U.S. This segment will likely witness steady growth in the coming years. From a financial perspective, Tilray expects positive adjusted free cash flow during the financial year. With operating leverage and cost-cutting, I expect cash flows to swell.