Tilray Brands Inc ( TLRY ) shares are trading higher Thursday afternoon following the release of a strong first-quarter fiscal 2026 earnings report. Here’s what investors need to know.

• TLRY stock is challenging resistance. Get the details here.

What To Know: The cannabis and consumer goods company announced a record first-quarter net revenue of $210 million, marking a 5% increase year-over-year and surpassing analyst expectations.

In a significant turnaround, Tilray reported a net income of $1.5 million, or 0 cents per share, a stark contrast to the net loss of $34.7 million in the same quarter of the previous year. The company also reported a 9% increase in adjusted EBITDA to $10.2 million and a notable improvement in operating cash flow.

Further bolstering investor confidence, Tilray reduced its debt by $7.7 million, strengthening its balance sheet. This positive earnings surprise comes after a period of volatility for the stock, which had recently seen a surge following a social media post by President Donald Trump advocating for the benefits of CBD.

The strong financial results suggest a focus on operational efficiency and potentially a path towards sustained profitability.

Benzinga Edge Rankings: Highlighting the stock’s recent performance, Benzinga Edge’s own rankings show Tilray with a very strong Momentum score of 92.60.

How To Buy TLRY Stock

Besides going to a brokerage platform to purchase a share — or fractional share — of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For Tilray Brands ( TLRY ), it is in the Health Care sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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