Tilray Shares Surge on Strong Quarterly Performance and Strategic Diversification

Tilray Brands, Inc. saw its stock price close the week on a powerful upswing, defying broader market skepticism. The catalyst was the company’s second-quarter earnings report, which delivered record revenue and exceeded analyst projections on key profitability metrics. Investors responded positively to the demonstrated progress toward earnings stability and the notable expansion of its international operations.

The financial update prompted a significant market reaction, with shares advancing approximately 11% on Friday to trade above the $10 level. Revenue reached a second-quarter record of $217.5 million, marking a 3% year-over-year increase and surpassing the consensus analyst estimate of $211 million.

Perhaps more impactful for investor sentiment was the performance on the bottom line. The company reported Read more...