# Tilray Q1 Results Disappoint

> Tilray's Q1 revenue missed estimates as core cannabis sales drop.
- Title: Tilray Q1 Results Disappoint · Seekingalpha | Shortify
- Summary: Tilray's Q1 revenue missed estimates as core cannabis sales drop. Tilray reported Q1 revenue below estimates with core cannabis sales declining 13% and a…
- Keywords: tilray, brewdog, cannabis, revenue, loss, share dilution, money, business, Results, Disappoint, Seekingalpha
- Source: Seekingalpha — https://seekingalpha.com/article/4953597-tilray-q1-not-looking-good-remains-a-hold
- Author: Bill Maurer
- Published: 2026-10-12T20:40:05+00:00
- Read time: 1 min
- Topics: tilray, brewdog, cannabis, q1, revenue, loss, share dilution, money, business
## Tilray Q1 Results
Tilray reported disappointing fiscal Q1 results missing revenue estimates despite management highlighting record sales.
## Core Sales Decline
Core cannabis sales declined 13% while revenue growth was driven solely by the BrewDog acquisition.
## Financial Loss
Adjusted bottom line swung to a loss after cash burn surged to $23.4 million.
## Share Dilution
Shares outstanding increased over 31% year-over-year with severe share dilution.
## Key takeaway

Tilray reported Q1 revenue below estimates with core cannabis sales declining 13% and a loss after the BrewDog acquisition.