TILRAY BRANDS $TLRY Q1’27 EARNINGS HIGHLIGHTS 🔹 Revenue: $257.1M (Est. $267M) 🔴; +23% YoY 🔹 EPS: -$0.32 (Est. -$0.20) 🔴 🔹 Adj. EPS: $0.02 🔹 Gross Margin: 30%; +300 bps YoY 🔹 Adj. EBITDA: $9.2M (Est. $11.3M) 🔴; -10% YoY Affirms FY27 Guide: 🔹 Adj. EBITDA: $68M-$75M (Est. $75.6M) 🔴 Segment Net Revenue: 🔹 Beverage: $101.5M; +82% YoY 🔹 Cannabis: $56.1M; -13% YoY 🔹 Distribution: $84.3M; +14% YoY 🔹 Wellness: $15.3M; flat YoY Announcements: 🔹 BrewDog achieved profitability in Q1 Other Q1 Metrics: 🔹 Cash, Restricted Cash & Marketable Securities: $221.4M Key Updates: 🔹 Debt Reduced: $42M fiscal year-to-date 🔹 Carlsberg will begin producing and selling its iconic brands in the U.S. market starting January 1, 2027 Comments: 🔸 “We are no longer dependent on a single market or regulatory catalyst.”