Tilray Brands Inc TLRY

Bullish Tilray Brands for the right reasons

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During Q2, we generated record net revenue for Tilray Brands of $194 million, we grew our Canadian net revenue by 31% , with approximately 12.5% market share in adult-use cannabis. This is 570 basis points ahead of the next LP. Tilray leads Canadian adult-use cannabis sales and is number one in Ontario, Quebec and British Columbia, which represents approximately 60% of the Canadian population on a combined basis. 

During Q2, we grew our international cannabis net revenue by 55%, and are the market leader in medical cannabis across Europe, with leading shares in Germany and Poland and other countries in which we participate. 

Beverage alcohol revenue in Q2 was $46.5 million, representing a 117% growth year-over-year, and we're only getting started in ramping up this segment.

By segment, cannabis net revenue rose 35% in total, with international cannabis up 55% and Canadian cannabis up 31%, despite $3.6 million of price compression in Canada.

Tilray’s state of the art Neumnster site

One of only three cannabis cultivation facilities located in Germany, will be utilizing it's production capacities now that patients have improved access to cannabis medicines grown in Germany. 

New patients can now apply to have doctors meetings online and get medical MJ prescription via mail. You can order TLRY strains online and all of the appointments have been pre-booked for months due to the high demand.  Expect to see a good increase in export revenue on Tilrays 1st Quarter financial results from June 1 thru August 31, 2024 in mid October release of financials.

+ Pillar 2 Recreational Cannabis 

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