Tilray Brands Inc. has cut its price target from $6 to $3 per share as it grapples with market share losses in the Canadian cannabis landscape and soft conditions in the U.S. alcohol market. Despite these headwinds, the company reports positive EBITDA margins and a notable year-over-year growth of 36.36%. In response to these challenges, Tilray is expanding its premium cannabis portfolio while pursuing the acquisition of Hexo Corp, aiming for $80 million in cost-saving synergies from the deal.
“Michael Lavery · cut his price target on · Tilray Brands Inc. · $3 a share from $6”
“Tilray · has direct access to · the European market · true”
“Tilray · has positive margins on · earnings before interest, taxes, depreciation and amortization (Ebitda) · true”
“Tilray · faces headwinds from · market share loss in the Canadian adult use cannabis market · true”
“Tilray · faces headwinds from · softer-than-expected U.S. alcohol market conditions · true”
“Tilray Brands, Inc. · announced the expansion of · Broken Coast’s premium cannabis portfolio · summer lineup of products including BC flower, liquid wax vapes, and BHO vapes”
“Tilray Brands, Inc. · is a leading global cannabis company · with operations in Canada, the United States, Europe, Australia, and Latin America”
“Tilray Brands, Inc. · closed · trading day · $3.20”
“Tilray Brands, Inc. · moved · previous trading session · +1.27%”
“Tilray Brands, Inc. · lost · shares in the past month · 38.52%”
“Tilray Brands, Inc. · projected to report earnings of · per share · -$0.07”
“Tilray Brands, Inc. · represents · year-over-year growth · 36.36%”