Tilray Shares Surge as Cannabis Giant Posts Breakthrough Quarter

Tilray Brands has demonstrated a decisive turnaround with record-breaking first quarter 2026 results. The cannabis producer reported net revenue of $210 million and achieved a net income of $1.5 million, marking its return to profitability after an extended period. Strategic expansion initiatives and operational efficiency improvements are delivering substantial results.

The company’s quarterly figures surpassed all projections. Cannabis revenue increased by 5% to $64.5 million, driven by 12% growth in Canada’s recreational market and a 10% expansion in international operations. Tilray maintains its position as Canada’s highest-revenue cannabis company.

Distribution revenue advanced by 9% to $74 million, benefiting from euro strength and enhanced German market access through CC Pharma’s network of over 13,000 pharmacies.

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