Tilray Brands Reports Second Quarter Fiscal Year 2023 Financial Results
All financial information in this press release is reported in U.S. dollars, unless otherwise indicated.
- All financial information in this press release is reported in U.S. dollars, unless otherwise indicated.
- Beverage-alcohol sales increased 56% to $21.4 million, over the prior year quarter, including revenue from acquisitions.
- Adjusted gross margin held at 29% compared to the year ago quarter.
- Irwin D. Simon, Tilray Brands’ Chairman and Chief Executive Officer, stated, “During the second quarter, Tilray Brands took decisive, effective actions to manage operating cash flow and focus the business on accretive acquisitions and a path to long term profitability.