SEDAR Interim Financial Statements
[ { "companyName": "Tilray Brands, Inc.", "reportingPeriodEnd": "2025-11-30", "reportStatus": "Unaudited", "auditorName": null, "auditorKeyMatters": [], "balanceSheet": { "cashAndCashEquivalents": 246703, "marketableSecurities": 44848, "accountsReceivableNet": 109071, "inventory": 283198, "prepaidsAndOtherCurrentAssets": 41497, "assetsHeldForSale": 4000, "totalCurrentAssets": 729317, "capitalAssets": 550101, "operatingLeaseRightOfUseAssets": 19802, "digitalAssets": 828, "intangibleAssets": 21735, "goodwill": 752350, "longTermInvestments": 13393, "otherAssets": 11073, "totalAssets": 2098599, "bankIndebtedness": 8567, "accountsPayableAndAccruedLiabilities": 226422, "contingentConsideration": 0, "warrantLiability": 0, "currentPortionOfLeaseLiabilities": 7437, "currentPortionOfLongTermDebt": 16889, "totalCurrentLiabilities": 259315, "leaseLiabilities": 61742, "longTermDebt": 138739, "convertibleDebenturesPayable": 86255, "deferredTaxLiabilitiesNet": 5622, "otherLiabilities": 417, "totalLiabilities": 552090, "commonStock": 116, "treasuryStock": 0, "preferredStock": 0, "additionalPaidInCapital": 6511483, "accumulatedOtherComprehensiveLoss": -39293, "accumulatedDeficit": -4892479, "totalTilrayBrandsStockholdersEquity": 1579827, "nonControllingInterests": -33318, "totalStockholdersEquity": 1546509, "totalLiabilitiesAndStockholdersEquity": 2098599, "cashPerShare": 2.2810, "workingCapitalPerShare": 4.3450 }, "incomeStatement": { "netRevenue": 427008, "costOfGoodsSold": 312042, "grossProfit": 114966, "generalAndAdministrative": 92228, "selling": 24704, "amortization": 8287, "marketingAndPromotion": 20136, "researchAndDevelopment": 119, "changeInFairValueOfContingentConsideration": -15000, "litigationCostsNetOfRecoveries": 1876, "restructuringCosts": 1834, "transactionCostsIncomeNet": 969, "totalOperatingExpenses": 135153, "operatingLoss": -20187, "interestExpenseNet": -12070, "nonOperatingIncomeExpenseNet": -8478, "lossBeforeIncomeTaxes": -40735, "incomeTaxExpenseRecoveryNet": 1261, "netLoss": -41996, "netLossAttributableToStockholdersOfTilray": -45253, "netLossAttributableToNonControlling": 3257, "otherComprehensiveGainLossNetOfTax": { "foreignCurrencyTranslationGainLoss": 4276 }, "comprehensiveLoss": -37720, "comprehensiveIncomeLossAttributableToStockholders": -41483, "comprehensiveIncomeLossAttributableToNonControlling": 3763, "weightedAverageNumberOfCommonSharesBasic": 108173486, "weightedAverageNumberOfCommonSharesDiluted": 108173486, "netLossPerShareBasic": -0.42, "netLossPerShareDiluted": -0.42 }, "cashFlowStatement": { "netLoss": -41996, "adjustments": { "deferredIncomeTaxRecoveryExpenseNet": 1261, "unrealizedForeignExchangeGain": 4899, "amortization": 31519, "accretionOfConvertibleDebtDiscount": 3964, "unrealizedLossOnDigitalAssets": 172, "otherNonCashItems": 1767, "stockBasedCompensation": 17335, "gainOnLongTermInvestments": 306, "lossGainOnDerivativeInstruments": 3495, "changeInFairValueOfContingentConsideration": -15000 }, "changesInNonCashWorkingCapital": { "accountsReceivable": 12418, "prepaidsAndOtherCurrentAssets": -7394, "inventory": -12316, "accountsPayableAndAccruedLiabilities": -10308 }, "netCashUsedInOperatingActivities": -9878, "investingActivities": { "investmentInCapitalAndIntangibleAssets": -19219, "proceedsFromDisposalOfCapitalAndIntangibleAssets": 427, "investmentInDigitalAssets": -1000, "purchaseOfMarketableSecuritiesNet": -10151, "investmentInLongTermInvestments": -3595, "businessAcquisitionsNetOfCashAcquired": 0 }, "netCashUsedInInvestingActivities": -33538, "financingActivities": { "shareCapitalIssuedNetOfCashIssuanceCosts": 73058, "proceedsFromWarrantsExercised": 2367, "repaymentOfLongTermDebt": -6872, "repaymentOfConvertibleDebt": 0, "repaymentOfLeaseLiabilities": -1991, "netDecreaseInBankIndebtedness": 1386 }, "netCashProvidedByFinancingActivities": 67948, "effectOfForeignExchangeOnCashAndCashEquivalents": 505, "netIncreaseDecreaseInCashAndCashEquivalents": 25037, "cashAndCashEquivalentsBeginningOfPeriod": 221666, "cashAndCashEquivalentsEndOfPeriod": 246703 }, "investmentsAndOtherAssets": [ { "type": "Marketable Securities", "description": "Short-term marketable securities", "ownershipPercentage": null, "value": 44848, "notes": "As per balance sheet" }, { "type": "Equity Investments", "description": "Equity investments measured at fair value and under measurement alternative", "ownershipPercentage": null, "value": 13393, "notes": "Includes option to acquire 68% membership interest in SH Acquisition for $1.00 upon U.S. federal cannabis legalization" }, { "type": "Digital Assets", "description": "Bitcoin holdings", "ownershipPercentage": null, "value": 828, "notes": "9.16 units of Bitcoin, cost basis $1,000" } ], "shareStructure": { "authorizedShares": "1,416,000,000 common shares; 10,000,000 preferred shares", "issuedShares": 116843991, "classesOfShares": [ "Common Stock", "Preferred Stock" ], "warrants": [], "options": [ { "number": 303203, "exercisePrice": null, "expiryDate": null } ], "rightsConvertibleInstruments": "5.20% Convertible Notes due 2027 (TLRY 27), convertible into common stock at initial conversion rate of 37.66 shares per $1,000 principal (conversion price ~$26.55 per share). Share lending agreement with Jefferies for 2,231,884 shares as of Nov 30, 2025." }, "managementCompensation": { "currency": "USD", "periods": [], "namedIndividuals": [], "otherRelatedPartyTransactions": [] }, "subsequentEvents": [ { "eventDate": null, "description": "Completed sale of Fort Collins, CO partially vacant warehouse asset group.", "impactValue": null }, { "eventDate": "2025-12-02", "description": "Implemented 1-for-10 reverse stock split of common stock.", "impactValue": null } ] } ]