Tilray Brands, Inc.
For the period ended Feb 28, 2026. Filed Apr 1, 2026.
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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.
Feb 28, 2026 · Filed Apr 1, 2026
TLRY$2.65-7.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows (Unaudited)
Consolidated Statements of Cash Flows
(in thousands of United States dollars, unaudited)
| For the nine months ended | ||
|---|---|---|
| February 28, | February 28, | |
| 2026 | 2025 | |
| Cash provided by (used in) operating activities: | ||
| Net loss | $(67,229) | $(913,461) |
| Adjustments for: | ||
| Deferred income tax (recovery) expense, net | 3,235 | 2,686 |
| Unrealized foreign exchange (gain) loss | (5,886) | 30,725 |
| Amortization | 48,260 | 99,410 |
| Accretion of convertible debt discount | 5,977 | 8,751 |
| Impairments | — | 699,235 |
| Other than temporary change in fair value of convertible notes receivable | — | 20,000 |
| Unrealized loss on digital assets | 386 | — |
| Other non-cash items | 2,402 | 1,503 |
| Stock-based compensation | 31,060 | 18,189 |
| Loss on long-term investments | 4,449 | 5,540 |
| Loss (gain) on derivative instruments | 3,495 | (2,896) |
| Change in fair value of contingent consideration | (15,000) | — |
| Change in non-cash working capital: | ||
| Accounts receivable | 3,117 | 321 |
| Prepaids and other current assets | (3,717) | (8,258) |
| Inventory | (21,421) | (5,577) |
| Accounts payable and accrued liabilities | (20,948) | (37,960) |
| Net cash used in operating activities | (31,820) | (81,792) |
| Cash provided by (used in) investing activities: | ||
| Investment in capital and intangible assets | (22,838) | (26,586) |
| Proceeds from disposal of capital and intangible assets | 1,798 | 833 |
| Investment in digital assets | (1,000) | — |
| Sale (purchase) of marketable securities, net | 19,385 | (16,276) |
| Investment in long-term investments | (3,595) | — |
| Proceeds from long-term investments | 1,629 | — |
| Business acquisitions, net of cash acquired | — | (18,210) |
| Net cash used in investing activities | (4,621) | (60,239) |
| Cash provided by (used in) financing activities: | ||
| Share capital issued, net of cash issuance costs | 73,058 | 139,738 |
| Cash paid in lieu fractional shares | (159) | — |
| Proceeds from warrants exercised | 2,367 | — |
| Proceeds from long-term debt | — | 3,450 |
| Repayment of long-term debt | (11,108) | (16,115) |
| Repayment of convertible debt | — | (330) |
| Repayment of lease liabilities | (2,991) | (2,586) |
| Net decrease in bank indebtedness | 1,653 | (7,293) |
| Net cash provided by financing activities | 62,820 | 116,864 |
| Effect of foreign exchange on cash and cash equivalents | 1,460 | (3,217) |
| Net increase (decrease) in cash and cash equivalents | 27,839 | (28,384) |
| Cash and cash equivalents, beginning of period | 221,666 | 228,340 |
| Cash and cash equivalents and restricted cash, end of period | $249,505 | $199,956 |
Within the consolidated statements of cash flows, cash and cash equivalents includes $44,885 of restricted cash as of February 28, 2026, and $nil as of February 28, 2025.
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