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Tilray Brands narrows net loss but misses sales forecast for Q1
Proactiveinvestors NA· 2024-10-10 15:26
About the Publisher - Proactive provides fast, accessible, and actionable business and finance news content to a global investment audience [1] - The company's content is produced independently by experienced and qualified teams of news journalists [1] - Proactive's news team spans key finance and investing hubs globally, including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Expertise - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2] - The team delivers news and insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Use of Technology - Proactive is a forward-looking and enthusiastic adopter of technology, equipping its human content creators with decades of expertise and experience [3] - The company occasionally uses automation and software tools, including generative AI, to assist and enhance workflows [4] - All content published by Proactive is edited and authored by humans, adhering to best practices in content production and search engine optimization [4]
Tilray Q1 Preview: Germany Could Drive Earnings Surprise
Seeking Alpha· 2024-10-08 10:00
Analyst's Perspective - The analyst initiated coverage of Tilray Brands Inc (NASDAQ: TLRY) with a buy rating in March, driven by Germany's new cannabis law that facilitates easier access to medical cannabis products for patients [1] - The analyst leverages experience as a former managing editor at a financial media publication focused on mid and small caps, combined with an academic background in financial markets and institutions, to identify investment opportunities in undervalued companies [1] - The analyst emphasizes thorough research and analysis of financial statements, market trends, and upcoming events that may impact specific companies or industries [1] Disclosure and Context - The analyst has no stock, option, or derivative positions in the mentioned companies and no plans to initiate such positions within the next 72 hours [2] - The article reflects the analyst's personal opinions and is not influenced by compensation or business relationships with the mentioned companies [2] - Seeking Alpha clarifies that its analysts are third-party authors, including both professional and individual investors, who may not be licensed or certified by any regulatory body [3]
Shock Top's Bold New Hard Iced LiiT Tea is Here
GlobeNewswire News Room· 2024-09-26 11:00
PORTLAND, Ore., Sept. 26, 2024 (GLOBE NEWSWIRE) -- The Shock Top Company, a subsidiary of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY), is excited to introduce its latest innovation: Shock Top LiiT Hard Iced Tea. With a robust 9% alcohol content by volume, this hard iced tea is designed to keep the good times rolling, even as the days get shorter. This isn't your grandma's iced tea. Shock Top's LiiT packs a punch with bold flavors and a refreshing twist that's perfect for those who aren't quite ready to ...
Tilray Brands, Inc. (TLRY) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2024-09-24 23:20
Company Performance - Tilray Brands, Inc. (TLRY) closed at $1.72, reflecting a +1.78% change from the previous day's closing price, outperforming the S&P 500's gain of 0.25% [1] - Over the past month, Tilray's shares have decreased by 9.14%, underperforming the Consumer Staples sector's gain of 1.17% and the S&P 500's gain of 1.65% [1] Earnings Forecast - The upcoming earnings report for Tilray is expected to show an EPS of -$0.05, indicating a 50% improvement from the same quarter last year [2] - Revenue is projected to be $216.47 million, representing a 22.33% increase compared to the year-ago quarter [2] Full Year Estimates - For the full year, earnings are estimated at -$0.16 per share and revenue at $901.62 million, reflecting increases of +51.52% and +14.28% respectively from the previous year [3] Analyst Projections - Recent shifts in analyst projections for Tilray are important as they reflect near-term business trends, with positive revisions indicating analysts' confidence in the company's performance [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Tilray at 3 (Hold) [6] Industry Context - The Consumer Products - Staples industry, which includes Tilray, has a Zacks Industry Rank of 142, placing it in the bottom 44% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Shock Top Announces its Official Craft Beer Sponsorship of University of Missouri Athletics
GlobeNewswire News Room· 2024-09-19 11:12
PORTLAND, Ore., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Today, The Shock Top Company, a subsidiary of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY), proudly announces a new partnership with Mizzou Athletics as the official craft beer sponsor of the University of Missouri Tigers. Now, Tigers fans can look forward to the zesty taste of Shock Top beer as a staple in their game day experience. Prinz Pinakatt, Chief Marketing Officer at Tilray Beverages said, "Mizzou fans are known for their unwavering loyalty and ...
Tilray Brands, Inc. (TLRY) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ZACKS· 2024-09-18 23:06
The latest trading session saw Tilray Brands, Inc. (TLRY) ending at $1.80, denoting a -0.55% adjustment from its last day's close. This change lagged the S&P 500's daily loss of 0.29%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 0.31%. The company's stock has dropped by 3.21% in the past month, falling short of the Consumer Staples sector's gain of 3.54% and the S&P 500's gain of 1.57%. Investors will be eagerly watching for the performance of Tilray Brands, Inc. in its upcoming earnings ...
Tilray Brands, Inc. (TLRY) Laps the Stock Market: Here's Why
ZACKS· 2024-09-17 23:21
Tilray Brands, Inc. (TLRY) ended the recent trading session at $1.81, demonstrating a +0.56% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.03%. On the other hand, the Dow registered a loss of 0.04%, and the technology-centric Nasdaq increased by 0.2%. Coming into today, shares of the company had lost 6.74% in the past month. In that same time, the Consumer Staples sector gained 4.12%, while the S&P 500 gained 1.54%. Investors will be eagerly watching for the ...
Tilray Brands Completes Acquisition of Atwater Brewery From Molson Coors Beverage Company
GlobeNewswire News Room· 2024-09-12 20:05
NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. ("Tilray", "our", "we" or the "Company") (Nasdaq: TLRY; TSX: TLRY), a global lifestyle and consumer packaged goods company, has successfully completed the previously announced acquisition of Atwater Brewery, from Molson Coors Beverage Company ("Molson Coors") (NYSE: TAP). Irwin D. Simon, Chairman and Chief Executive Officer of Tilray Brands, said, "Atwater Brewery is a renowned craft brewery with a rich history and a loyal following in Michiga ...
Tilray Brands, Inc. (TLRY) Flat As Market Gains: What You Should Know
ZACKS· 2024-09-10 23:00
Tilray Brands, Inc. (TLRY) closed the latest trading day at $1.70, indicating no change from the previous session's end. This change lagged the S&P 500's daily gain of 0.45%. Meanwhile, the Dow lost 0.23%, and the Nasdaq, a tech-heavy index, added 0.84%. Shares of the company have depreciated by 4.76% over the course of the past month, underperforming the Consumer Staples sector's gain of 4.88% and the S&P 500's gain of 2.54%. Market participants will be closely following the financial results of Tilray Bra ...
Here's Why Tilray Brands, Inc. (TLRY) Fell More Than Broader Market
ZACKS· 2024-09-04 23:06
The most recent trading session ended with Tilray Brands, Inc. (TLRY) standing at $1.66, reflecting a -1.19% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily loss of 0.16%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq lost 0.3%. The company's shares have seen a decrease of 7.18% over the last month, not keeping up with the Consumer Staples sector's gain of 2.98% and the S&P 500's gain of 3.64%. Investors will be eagerly watching for t ...