Tilray Shares Surge Following Stunning Quarterly Turnaround

Tilray Brands (NASDAQ: TLRY) captured significant market attention on October 9th with the release of unexpectedly strong quarterly results. In a dramatic reversal of fortune, the Canadian cannabis producer reported net earnings of $1.5 million, completely transforming last year’s $34.7 million loss during the same period. This impressive performance triggered a powerful market response, sending the company’s share price soaring 17.1% to reach $2.02.

The company’s revenue performance reached unprecedented levels, climbing to $210 million—representing a 5% increase over the prior year’s $200 million. Both domestic and international cannabis operations contributed significantly to this growth, with Canadian cannabis revenue advancing 12% while international cannabis sales grew by 10%.

Chief Executive Irwin D. Simon Read more...