Cannabis/Beer Company Tilray Outlines Plan To Reduce Its Beverage Portfolio, Reports Mixed Q2 Earnings
1. Tilray's Q2 net revenue increased 9%, missing consensus. 2. Gross profit rose 29% to $61 million, improving gross margin. 3. Beverage sales grew 36%, supporting overall revenue. 4. Project 420 aims to save $25 million; $17 million achieved. 5. 2025 revenue guidance reaffirmed at $950 million-$1 billion.