Tilray Brands Is Looking Better

Alan Brochstein, CFAInvesting Group LeaderFollow5ShareSavePlay(12min)CommentsSummaryTilray Brands (TLRY) remains a Hold, with valuation near tangible book value and a mixed Q3 showing revenue growth but margin pressure.Strength in cannabis and distribution segments offset weak beverage sales, while international cannabis revenue soared 73% in Q3, now 37% of segment revenue.Adjusted EBITDA guidance for FY26 is $62–$72 million, with consensus FY28 margin expectations at 9.5%, but cash flow remains negative and M&A execution is a risk.I maintain a cautious, trading-oriented exposure to TLRY near $6, citing sector headwinds, segment risks, and limited downside at current valuation.Looking for a helping hand in the market? Members of 420 Investor get exclusive ideas and guidance to navigate any climate. Learn More » saifulasmee chede/iStock via Getty Images I have followed Tilray Brands (TLRY) closely since it went public in 2018. I never really liked the stock until 2025. Most recently, I was negative on it again, sharing in early December that it was no longerThis article was written byAlan Brochstein, CFA72.6K FollowersFollowAlan Brochstein, CFA, is one of the first investment professionals to focus exclusively on the cannabis industry. Alan got his start as a financial professional in the securities industry in 1986, managing investments in institutional environments until he founded AB Analytical Services in 2007 in order to provide independent consulting to registered investment advisors. He is also the managing partner of New Cannabis Ventures, a leading provider of relevant financial information in the cannabis industry since 2015. Alan has run the investing group 420 Investor, for investors interested in the publicly-traded cannabis stocks that he moved to Seeking Alpha in 2023, since 2013. As the leader of the investing group 420 Investor, Alan closely covers 19 stocks and shares investment news as it comes out, previews of their earnings reports and analysis of them afterwards. Other features of the group include: a model portfolio, 10 videos per week with chart analysis, 3 summary pieces weekly, a monthly newsletter, and chat for questions Learn More.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.