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Cannabis and Hemp Insider

Tilray, Inc. Reports Profitable Second Quarter Fiscal Year 2022 Financial Results

New Parent Company Name, TILRAY BRANDS, Reflects Growing Portfolio of Leading, Global CPG Brands

  • Net Revenue Increased ~20% to $155 Million from the Prior Year Quarter

  • Net Income Improved $95 Million to $6 Million from the Prior Year Quarter

  • Adjusted EBITDA of $13.8 Million, 11th Consecutive Quarter of Positive Adjusted EBITDA

  • Achieved $70 Million in Cost Synergies To Date; On-Track to Exceed Original Plan of $80 Million Ahead of Schedule and to Generate Additional $20 Million of Synergies in Fiscal 2023

  • Leading Medical Cannabis Company in Europe with ~20% Market Share in Germany...

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