Should Tilray Brands Be in Your Portfolio Post Q3 Earnings?

Tilray (TLRY) reported a mixed Q3: revenue grew and losses narrowed as strong performance in its cannabis and distribution businesses offset weakness in its beverage segment. Management cited rising competition weighing on beverages even as core cannabis and distribution gains helped improve overall results.

Analysis

Tilray (TLRY) reported a mixed Q3: revenue grew and losses narrowed as strong performance in its cannabis and distribution businesses offset weakness in its beverage segment. Management cited rising competition weighing on beverages even as core cannabis and distribution gains helped improve overall results.