Tilray Brands, Inc.
For the period ended Aug 31, 2025. Filed Oct 9, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Aug 31, 2025 · Filed Oct 9, 2025
TLRY$2.65-7.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (Unaudited)
Consolidated Statements of Cash Flows
(in thousands of United States dollars, unaudited)
| For the three months ended | ||
|---|---|---|
| August 31, | August 31, | |
| 2025 | 2024 | |
| Cash provided by (used in) operating activities: | ||
| Net income (loss) | $1,513 | $(34,652) |
| Adjustments for: | ||
| Deferred income tax (recovery) expense, net | (2,285) | 382 |
| Unrealized foreign exchange gain | (2,328) | (5,602) |
| Amortization | 15,561 | 31,814 |
| Accretion of convertible debt discount | 1,976 | 3,067 |
| Unrealized loss on digital assets | 8 | — |
| Other non-cash items | 282 | 729 |
| Stock-based compensation | 5,052 | 6,917 |
| Gain on long-term investments | (39) | (499) |
| Loss (gain) on derivative instruments | 3,670 | (696) |
| Change in fair value of contingent consideration | (15,000) | — |
| Change in non-cash working capital: | ||
| Accounts receivable | 14,414 | (2,342) |
| Prepaids and other current assets | (7,133) | (13,570) |
| Inventory | (11,905) | (12,383) |
| Accounts payable and accrued liabilities | (5,127) | (8,472) |
| Net cash used in operating activities | (1,341) | (35,307) |
| Cash provided by (used in) investing activities: | ||
| Investment in capital and intangible assets | (9,523) | (6,736) |
| Proceeds from disposal of capital and intangible assets | 293 | 28 |
| Investment in digital assets | (1,000) | — |
| Disposal (purchase) of marketable securities, net | 34,697 | (42,687) |
| Net cash provided by (used in) investing activities | 24,467 | (49,395) |
| Cash provided by (used in) financing activities: | ||
| Share capital issued, net of cash issuance costs | 22,491 | 66,472 |
| Repayment of long-term debt | (2,653) | (4,791) |
| Repayment of convertible debt | — | (330) |
| Repayment of lease liabilities | (994) | (862) |
| Net decrease in bank indebtedness | 1,004 | 101 |
| Net cash provided by financing activities | 19,848 | 60,590 |
| Effect of foreign exchange on cash and cash equivalents | 188 | 958 |
| Net increase (decrease) in cash and cash equivalents | 43,162 | (23,154) |
| Cash and cash equivalents, beginning of period | 221,666 | 228,340 |
| Cash and cash equivalents, end of period | $264,828 | $205,186 |
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