Tilray Shares Drop 4% Despite Record Q1 Revenue as Cannabis Sales Slump

Key Facts

1Tilray Brands reported record Q1 FY2027 revenue, but shares fell 4% due to weakness in its core cannabis segment.

2Shares of peer cannabis companies Canopy Growth and Aurora Cannabis also eased following Tilray's results.

Tilray Brands shares fell 4% to $3 despite the company reporting record overall revenue for the first quarter of fiscal year 2027. Reuters reported that investors reacted negatively to shrinking sales in the primary cannabis business segment, which overshadowed growth in the company's beverage and distribution units.

TLRY closed at $3.72 on October 7, 2026, amid a broader sector sell-off that also impacted peers Canopy Growth and Aurora Cannabis. On the same date, CGC closed at $0.8765 while ACB finished the session at $4.46.