Tilray Q1: Bev Biz Flat, “Progress” on Beer Integration But “More Wood to Chop”

Dear Client:  Yesterday, Tilray reported results from its first fiscal quarter ended August 31, 2025.  Having achieved a “record” $210 million in net revenues for Q1, up 5% vs. YA, and delivering positive net income, chief Irwin Simon said the quarter demonstrated the “effectiveness of our strategic vision and disciplined execution.   “Our global platform positions Tilray Brands not just to participate in, but to lead, the evolution of the global cannabis, beverage, and wellness sectors," he said.   Tilray gross profit,