Q2 2026 Tilray Brands Inc Earnings Call Transcript

Jan 08, 2026 / 09:30PM GMT

Release Date Price: $9.13 (+1.56%)

Transcript 10-Q8-K

Key Points

Positve

Tilray Brands Inc (TLRY) reported record Q2 net revenue of $218 million, marking its highest ever for the second quarter.
The company achieved a significant 51% sequential growth in international cannabis revenue.
Tilray Brands Inc (TLRY) ended the quarter with a strong net cash position, exceeding its debt by almost $30 million.
The company is the number one cannabis producer in Canada by revenue and holds a leading market position in several cannabis product categories.
Tilray Brands Inc (TLRY) is strategically positioned for growth in the evolving global cannabis market, particularly with the potential rescheduling of cannabis in the US.

Negative

Tilray Brands Inc (TLRY) reported an adjusted EPS loss of $0.02 for the quarter.
The beverage segment faced category-wide headwinds, impacting revenue and profit margins.
There is ongoing price compression in the cannabis market, particularly in the flower category.
The company faces regulatory challenges and excise tax burdens in Canada, which could impact long-term competitiveness.
The integration and optimization of acquired beverage brands are taking longer than anticipated, affecting short-term performance.

Operator

Thank you for joining today's conference call to discuss Tilray Brands' financial results for the second quarter fiscal year 2026 ended November 30, 2025. (Operator Instructions)

Now I'll turn over the call to Ms. Berrin Noorata, Tilray Brands' Chief Corporate Affairs and Communications Officer. Thank you. You may begin.

Berrin Noorata

Tilray Brands Inc - Chief Corporate Affairs and Communications Officer

Thank you, operator, and good afternoon, everyone. By now, you should have access to the earnings press release, which is available on the Investors section of the Tilray Brands website at tilray.com and has been filed with the SEC and SEDAR.

Please note that during today's call, we will be referring to various non-GAAP financial measures that can provide useful information for investors. However, the presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. The earnings press release contains a reconciliation of each non-GAAP financial

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