Tilray Stock Continues to Decline Despite Record Revenue
Tilray Brands (TLRY) has seen its stock fall by nearly 56% year-to-date and over 96.7% in five years, despite reporting record revenue of $915.5 million for fiscal Q4 2026. The company's performance improvements are largely driven by non-recreational cannabis segments like alcoholic beverages and wellness products rather than its core recreational market. Despite a modest increase in adjusted EBITDA to $61.1 million, ongoing share dilution remains a major concern for investors. Tilray’s total shares outstanding have risen from 116.5 million to 136.2 million between January and July of this year. While the company has a strong cash position ($235 million) and is forecasting $1 billion in revenue, GAAP profitability remains elusive. The stock currently trades at around $4.14 with a market cap of approximately $576 million. Strategic partnerships like its upcoming agreement to sell Carlsberg-branded beer products may offer some upside potential.
Tickers: $TLRY
Topics: cannabis industry earnings report stock performance Tilray Brands