Tilray Brands Reports Record Revenue in Q3 2023 Tilray Brands, one of the largest cannabis companies in the world, reported record revenue of $155.6 million in Q3 2023, an increase of 58% from the same period in 2022. The company’s strong performance was driven by growth in its recreational and medical cannabis segments. Cresco Labs Exceeds Analyst Expectations in Q3 2023 Cresco Labs, another major cannabis player, exceeded analyst expectations in Q3 2023, reporting revenue of $257.3 million, an increase of 43% from the same period in 2022. The company’s growth was fueled by its wholesale operations and its expanding retail footprint. Cannabis Stocks Continue to Climb Cannabis stocks continued to climb in Q3 2023, with the Cannabis ETF (CANN) rising by 15%. This rally was driven by the industry’s strong financial performance and positive sentiment from investors.

Tilray Brands indeed reported a significant increase in revenue for Q3 2023, with net revenue reaching $145.6 million, which is up from $144.1 million in the previous quarter¹. On a constant currency basis, net revenue was $154.2 million in the third quarter of 2023, representing a 2% increase from the prior year quarter¹.

Cresco Labs also reported a strong financial performance for Q3 2023, with revenue of $190.5 million, although this represented a 9.4% year-over-year decrease². The company faced a net loss of $113.4 million, compared to a net loss of $43.5 million and $3.2 million in the previous quarter and the prior year’s period, respectively².

As for the Cannabis ETF (CANN), while specific performance data for Q3 2023 is not provided, it’s noted that cannabis stocks have seen a resurgence, with the industry’s strong financial performance and positive investor sentiment contributing to the rise in stock values³⁴. It’s important to stay updated with the latest financial news outlets and stock market analysis platforms for real-time information on stock movements and ETF performance.

Learn more:

1. ir.tilray.com2. bing.com3. investors.crescolabs.com4. businesswire.com5. benzinga.com6. markets.businessinsider.com7. newcannabisventures.com8. ig.com9. investopedia.com10. zacks.com11. ir.tilray.com12. marketbeat.com13. nasdaq.com14. app.saytechnologies.com