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Tilray

Tilray Brands (TLRY) to Report Q1 FY2025 Results October 10thTilray Brands Inc. (NASDAQ: NASDAQ:TLRY ), a global lifestyle and consumer packaged goods giant, is set to announce its Q1 Fiscal Year 2025 financial results on October 10, 2024. As the market eagerly anticipates the latest earnings report, let's dive into the company's recent performance, its strategic acquisition moves, and the stock's technical outlook, which offer both opportunities and potential risks for investors. Overview Tilray (NASDAQ: NASDAQ:TLRY ) has been making waves in both the cannabis and beverage industries, diversifying its portfolio and expanding its reach globally. Most notably, Tilray has completed the acquisition of Atwater Brewery from Molson Coors Beverage Company, further cementing its position in the craft beer industry. The acquisition adds Atwater Brewery, a historic Michigan-based craft brewery, to Tilray's growing list of premium brands, which includes SweetWater Brewing Company, Montauk Brewing Company, and more. According to Tilray’s CEO, Irwin D. Simon, this acquisition enhances the company's presence in the Great Lakes region and strengthens its distribution channels. Tilray aims to leverage its resources to grow Atwater’s brand and introduce its signature brews to more beer enthusiasts across the U.S. Financially, Tilray has shown strong revenue growth, reporting a 25.80% increase in revenue for FY2024, bringing in $788.94 million compared to $627.12 million the previous year. However, challenges persist on the profitability front, as the company posted losses of -$244.98 million, which, while substantial, are an 83.14% improvement compared to its previous year’s loss. This signals Tilray is making efforts to reduce its financial burden, though it has not yet reached profitability. Analyst Sentiment and Stock Price Forecast The average analyst sentiment for Tilray Brands’ stock is “Hold,” with a 12-month price target of $2.00. Currently trading at $1.70, this represents an expected 17.65% upside, a modest gain but potentially compelling for those seeking short- to medium-term investment opportunities. It’s worth noting that Tilray (NASDAQ: NASDAQ:TLRY ) operates in an industry marked by volatility, as it juggles both the cannabis and consumer packaged goods markets. This makes its future growth trajectory dependent on various regulatory developments and the company’s ability to continue expanding into new markets and sectors. Technical Analysis: Key Levels to Watch From a technical perspective, NASDAQ:TLRY has seen a modest recovery, trading up 1.18% in premarket trading on Friday. The stock had previously been in a downward trend, but recent price action signals a potential shift. Relative Strength Index (RSI) Currently sits at 45.58, the RSI indicates that the stock is neither overbought nor oversold. This suggests that while there’s some weakness, it also provides an opportunity for investors to capitalize on potential upside if a breakout occurs. Support and Resistance Levels: Tilray's stock finds support at $1.50. Should the stock dip below this level, we may see a return to bearish momentum. Conversely, resistance at $2.00 serves as the next key level to break. If the stock can break through this resistance, it may attract new momentum traders and long-term investors, pushing it higher. While the stock has recently bounced off support, the overall trend remains weak. Investors should closely monitor the stock’s movement approaching its Q1 results, as a move above or below the critical $1.50 support could signal further action. Upcoming Earnings & Potential Catalysts With the Q1 FY2025 earnings release scheduled for October 10, 2024, investors will be watching for several key metrics: Revenue growth, particularly how the Atwater Brewery acquisition has impacted the top line. Cost reduction efforts, as Tilray continues to narrow its losses. Any updates on expansion plans, particularly in the cannabis market, which could provide a catalyst for stock price appreciation. Additionally, Tilray’s diverse portfolio in cannabis, beverages, and consumer packaged goods offers multiple streams of revenue, which provides a level of insulation against market-specific headwinds. However, its success in achieving profitability and growing margins will remain critical for future stock price appreciation. Conclusion: Opportunity With Caution Tilray Brands (NASDAQ: NASDAQ:TLRY ) presents an interesting investment case with its significant growth potential driven by acquisitions and a diversified product line. However, the company is still facing financial hurdles, and its stock reflects ongoing volatility in the broader cannabis and consumer goods sectors. For short-term traders, the current technical setup offers an opportunity to capitalize on a breakout above $2.00 or a potential pullback to the $1.50 support level. Long-term investors should focus on the company’s Q1 earnings and any signals that point toward sustained revenue growth and eventual profitability. While Tilray’s stock is currently rated a Hold by analysts, its acquisition strategy and diversified portfolio position it as a potential turnaround candidate, making it a stock worth watching closely as Q1 results are unveiled.
NASDAQ:TLRYLong
by DEXWireNews
Tilray ($TLRY) 4.20 and beyondLooks like a massive ZigZag has finished on Tilray. C-Wave is pretty much exactly .786 the length of the A-Wave (in log). If the impulse from the low is completed, it's a bit too early to call for a completed correction, though not entirely impossible, if this finishes as a Zigzag down (meaning we're currently in the C-wave). Timewise it would seem too short though, so this might need a bit more time to offer the next long. i.ibb.co
NASDAQ:TLRYLong
by TophatPandaMagician
46
Tilray Brands Reports Weak Q3 Fiscal 2024 Financial ResultsTilray Brands, Inc., ( NASDAQ:TLRY ) a leading global cannabis-lifestyle and consumer packaged goods company, recently released its financial results for the third quarter of fiscal year 2024. Despite facing a challenging market environment, the company showcased resilience and growth across various segments, demonstrating its strategic positioning in the evolving cannabis industry. Steady Revenue Growth Amidst Market Volatility: Despite market volatility, Tilray Brands ( NASDAQ:TLRY ) reported a remarkable 30% increase in net revenue compared to the prior year quarter, reaching $188 million. This growth was primarily driven by a robust performance in beverage-alcohol and global cannabis segments, reflecting the company's agility in capitalizing on emerging market trends. Diversification Strategy Pays Off: Tilray's strategic expansion into complementary markets such as beverages and wellness foods has proven fruitful. The company's beverage-alcohol net revenue surged by an impressive 165%, cementing its position as the 5th largest craft beer brewer in the U.S. Furthermore, its wellness segment witnessed a notable 12% increase in net revenue, highlighting the success of targeted advertising campaigns and continuous innovation efforts. Global Cannabis Leadership and Market Penetration: In the global cannabis arena, Tilray Brands ( NASDAQ:TLRY ) solidified its leadership position with a 33% increase in net revenue, driven by significant growth in international markets such as Canada and Germany. With the #1 market share in both countries, Tilray ( NASDAQ:TLRY ) is well-positioned to capitalize on the expanding medicinal and adult-use cannabis markets, showcasing its prowess in navigating complex regulatory landscapes. Strategic Focus on Financial Stability and Debt Reduction: The company's focus on financial stability was evident, with a strong liquidity position of approximately $226 million, comprising cash and marketable securities. Notably, Tilray ( NASDAQ:TLRY ) reduced its outstanding convertible debt by $50.7 million compared to the previous quarter, demonstrating prudent financial management amidst economic uncertainties. CEO Perspective: Irwin D. Simon, Tilray Brands' Chairman and CEO, emphasized the company's dynamic and diversified portfolio, spanning cannabis, beverages, and wellness products. He underscored Tilray's strategic achievements during the quarter, including revenue growth, debt reduction, and operational synergies. Simon's vision for Tilray as a global leader in the cannabis-lifestyle and consumer products industry highlights the company's commitment to innovation and market leadership. Conclusion: Tilray Brands, Inc.'s ( NASDAQ:TLRY ) robust performance in the third quarter of fiscal year 2024 underscores its resilience and strategic foresight amidst market challenges. With steady revenue growth, a diversified product portfolio, and a strong focus on financial stability, Tilray remains poised to capitalize on emerging growth opportunities in the evolving cannabis industry. As the company continues to innovate and expand its market presence, investors can look forward to sustained value creation and long-term growth potential. Technical Outlook Tilray Brand ( NASDAQ:TLRY ) stock is down by 20% trading at $2.07 Tuesday Trading session. NASDAQ:TLRY has a weak Relative Strength Index (RSI) of 46.78. The Yearly price chart shows a bearish Harami despite Robust Q3 Fiscal 2024 Financial Results.
NASDAQ:TLRYShort
by DEXWireNews
Tilray's 8% Surge: High-Risk Gamble or a Path to Redemption?Tilray Brands (NASDAQ: NASDAQ:TLRY ), once a shining star in the cannabis industry, finds itself in turbulent waters as its stock price struggles amidst a series of setbacks last week. Despite aggressive growth through acquisitions, Tilray's stock has plummeted, trailing behind major indices and leaving investors questioning the efficacy of its strategy. The Acquisition Frenzy: Tilray's growth trajectory has been marked by a flurry of acquisitions, positioning itself as a major player in both the cannabis and alcoholic beverages markets. From snapping up eight beer brands from AB InBev to acquiring Truss Beverage from Molson Coors, Tilray seemed determined to diversify its revenue streams and mitigate the inherent risks of the cannabis industry. Revenue Growth vs. Mounting Losses: While acquisitions have propelled Tilray's revenue growth, with annual revenues soaring from $179.3 million in 2019 to over $700 million in the trailing twelve months, the company's bottom line tells a different story. Net losses have ballooned, surging from $36.1 million in 2019 to over $1.4 billion in the same period, raising concerns about the sustainability of its expansion strategy. Cannabis vs. Beverages: A Shifting Landscape: Despite its roots in cannabis, Tilray's focus seems to be shifting towards alcoholic beverages, evident in its recent revenue breakdown. While the cannabis segment still contributes significantly to its revenue, the beverages segment is gaining ground, a trend likely to continue as integration efforts persist. Challenges on Multiple Fronts: Tilray ( NASDAQ:TLRY ) faces an array of challenges, both domestically and internationally. In Canada, its home market, saturation is squeezing margins, while regulatory hurdles in the United States pose obstacles to expansion. Even in Germany, touted as a potential growth market, barriers loom large, underscoring the uphill battle Tilray faces in realizing its ambitious revenue targets. Stock Price Forecast: Tilray's ( NASDAQ:TLRY ) stock price paints a bleak picture, with a strong downward trend persisting throughout the year. Despite its downward trend, Tilray ( NASDAQ:TLRY ) stock was up 8% in early market trading this could be a sign of a bullish breakout after the stock's poor performance last year. Technical indicators suggest that further downside could be in store, with key support levels looming as potential targets.
NASDAQ:TLRYLong
by DEXWireNews
Navigating the Green Waves: Tilray Brands' Strategic Moves Canadian market leader Tilray Brands ( NASDAQ:TLRY ) has weathered storms and is now charting a course towards growth and innovation. Despite recent stock fluctuations and an industry grappling with regulatory challenges, Tilray's resilience and strategic initiatives position it as a compelling player in the cannabis market. This article explores Tilray's recent performance, growth strategies, and the potential for investors as the company navigates through both challenges and opportunities. Market Snapshot: Tilray, once a high-flying stock that reached $300 per share in 2018, faced a significant decline but has shown signs of resurgence. With shares hovering around $2.11, the company recently reported record quarterly revenue, signaling a potential turnaround. Despite a lower-than-expected loss, Tilray's sales growth of 34% in the fiscal second quarter is a noteworthy achievement, breaking a streak of three declining quarters. Diversification Beyond Cannabis: One of Tilray's key strategies involves diversifying its product portfolio beyond traditional cannabis offerings. The company's 117% growth in alcoholic beverage net revenue during the reported quarter showcases its successful foray into alternative markets. With its recent launch of THC and CBG-infused RIFF BOOST beverages and the introduction of new flavors in its Chowie Wowie cannabis chocolate products, Tilray is carving a niche in the ever-expanding cannabis-infused product segment. Market Leadership and Global Expansion: Tilray's 12.5% market share in the Canadian cannabis market reaffirms its position as a leader in the industry. While awaiting potential legalization developments in the U.S., the company is proactively bolstering its alcoholic beverage presence and expanding its footprint globally. With 24 states and Washington D.C. having legalized recreational marijuana, and Germany potentially joining the fold in 2024, Tilray's growth plan focuses on new geographies and innovative product offerings. Strategic Acquisition and Cost Efficiency: Tilray's acquisition of rival Hexo Corp for $56 million underscores its commitment to strategic growth. Despite challenges related to pre-acquisition liabilities and exit costs, the company is on track to achieve up to $35 million in annual savings from the Hexo deal. This move not only enhances Tilray's market position but also demonstrates its ability to navigate the complexities of the evolving cannabis landscape. Challenges and Outlook: While Tilray has reported a drop in second-quarter income and faces industry-wide profitability challenges, the company remains optimistic about its full-year guidance. The decision to focus on adjusted core profit and achieve cost savings indicates a proactive approach to financial sustainability. Analysts project a full fiscal year loss for Tilray, but the company's strategic moves position it for potential growth in the long term, especially if regulatory environments become more favorable. Conclusion: Tilray Brands' journey from its 2018 peak to its current status reflects the dynamic nature of the cannabis market. The company's strategic diversification, global expansion plans, and cost-efficient initiatives make it a compelling player in an industry poised for transformation. While risks and challenges persist, Tilray's commitment to innovation and adaptability positions it as a stock worth watching. Investors keen on tapping into the evolving cannabis market may find Tilray Brands a compelling choice for long-term growth.
NASDAQ:TLRYLong
by DEXWireNews
TLRY Tilray Brands Options Ahead of EarningsIf you haven`t bought TLRY here: Then analyzing the options chain and the chart patterns of TLRY Tilray Brands prior to the earnings report this week, I would consider purchasing the 2.50usd strike price Calls with an expiration date of 2024-3-15, for a premium of approximately $0.55. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:TLRYLong
by TopgOptions
2
Tilray: Finally arrived 🧳Two weeks ago, Tilray took heart and jumped into the turquoise zone between $1.46 and $2.27, leaving a visible gap on its way. Near the bottom of this zone, the share could establish the low of wave II in white by now, meaning that soon, the bulls should take over. We expect Tilray to develop enough upwards momentum to leave the turquoise zone on the northern side via wave (1) in magenta, taking a first step in the direction of the resistance at $5.12.
NASDAQ:TLRY
by MarketIntel
2
Tilray: Wait and See… 😌After initially spurring the downwards movement so commendably from the high of wave (4) in magenta, Tilray has been relaxing in a sidewards movement since December. However, there is yet some work to be done! We expect the share to drop a bit deeper still to finish wave II in gray, whose low should then form the basis for a fresh upwards movement. Wave (1) in magenta should carry the course above the resistance at $5.12 eventually and even the subsequent counter movement should peter out above this mark.
NASDAQ:TLRY
by MarketIntel
Tilray: Take Root 🌱Tilray has been developing some vibrant saplings, but the share shouldn’t forget to take root. We expect the course to extend below the support at $2.43 to plant wave II in gray. Then, Tilray should sprout upwards again, climbing back above $2.43 and growing further above the resistance at $5.12 as well. There, the course should complete wave (1) in magenta, before wave (2) in magenta should bring it back towards $5.12. However, there’s a 33% chance that wave alt. II could already be potted, which would be confirmed by the stock directly sprawling above the resistance at $5.12.
NASDAQ:TLRY
by MarketIntel
2
Tilray at support? Tilray Short Term We look to Buy at 3.18 (stop at 2.94) We look to buy dips. There is scope for mild selling at the open but losses should be limited. A higher correction is expected. Expect trading to remain mixed and volatile. Previous support located at 3.120. Our profit targets will be 3.74 and 3.99 Resistance: 3.75 / 4.00 / 5.15 Support: 3.20 / 3.00 / 2.50 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:TLRYLong
by Saxo