Tilray Brands Announces Strategy to Strengthen Canadian Cannabis Operations and Drive Profitable Growth
Tilray plans to move cultivation and pre-roll production from its Foss facility to its Masson and Cayuga facilities, targeting approximately US$10 million in annualized cost savings by the end of fiscal 2028. The company also raised the lower end of its fiscal 2027 adjusted EBITDA guidance range.
Why it matters — The consolidation, anticipated savings, and revised guidance are relevant to watchers tracking Tilray’s Canadian operations and financial outlook.