Tilray Now Sells More Beer Than Cannabis. Here's Why That Might Be Good News for Investors.

TLRY's alcoholic beverage revenue now exceeds its cannabis revenue, a milestone that reframes how traders should value the name. In Q1 fiscal 2027, alcoholic beverages generated $101.5M against $56.1M from cannabis, a gap that followed the acquisition of BrewDog.

The quarter delivered more than a mix shift. TLRY reported record revenues, improved gross margins, and a net cash position. Those three data points address balance-sheet and operating-quality concerns that have long weighed on the story.

The caveat is profitability. TLRY remains unprofitable, and The Motley Fool characterizes the stock as a high-risk investment suited primarily to aggressive growth investors.

Interpretation: with beer now the larger revenue line, TLRY looks increasingly like a diversified consumer packaged goods company rather than a pure cannabis play, a distinction that may matter for how the market benchmarks it against peers such as CGC. That comparison is our read of the evidence, not a stated catalyst.

Cannabis revenue of $56.1M now sits well behind the beverage segment, so the BrewDog integration carries more weight in the revenue picture than any single cannabis development.