Tilray Brands Inc. reported a 9% increase in net revenue for the second quarter of fiscal year 2025, reaching $211 million compared to $194 million in the prior year. On a constant currency basis, the increase was 10%. The company's gross profit rose by 29% to $61 million, with growth across all four business segments: beverage alcohol, cannabis, distribution, and wellness. Despite the revenue growth, Tilray reported a net loss of $85 million for the quarter, influenced by non-cash items and one-time non-recurring costs. The company reaffirmed its fiscal year 2025 guidance, anticipating net revenues between $950 million and $1 billion. Additionally, Tilray announced plans to streamline its beverage portfolio, which led to a 7.3% pre-market drop in its stock price.