Tilray Brands slipped in premarket trading after a Canadian Licensed Producer reported lower-than-expected revenue with its fiscal Q1 results on Thursday, driven by a sharp contraction in its cannabis segment.
The Ontario-based firm reported $257.2M in revenue for the quarter with ~23% YoY growth, yet it missed the consensus by $9.7M after its cannabis segment added only $56.1M to the topline with a ~13% YoY decline.
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