Tilray Shares Experience Dramatic Reversal Following Mixed Signals

Tilray Brands, Inc. witnessed extreme volatility throughout the trading week as conflicting corporate developments triggered wild price swings. The cannabis and consumer packaged goods company first surged on unexpectedly positive earnings, only to collapse the following day when management announced plans for a substantial equity offering.

Market participants were taken by surprise Thursday when Tilray reported net income of $1.5 million for the first quarter of fiscal year 2026. This represented a remarkable turnaround from the $34.7 million loss recorded during the same period last year. Financial analysts had universally anticipated the company would remain unprofitable.

The positive news extended beyond bottom-line results:
* Quarterly revenue reached approximately $210 million, marking 5% growth
* Sales figures exceeded consensus estimates
* Adjusted EBITDA climbed 9% to $10.2 million

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