Tilray Brands Inc (NASDAQ: TLRY) shares are trading lower Monday after the company reported soft second-quarter financial results.

What Happened: Tilray reported second-quarter revenue of $144.14 million, which missed average analyst estimates of $159.94 million. The company reported a second-quarter net loss of 6 cents per share, in line with average estimates.  

Beverage-alcohol sales increased 56% year-over-year to $21.4 million. Gross profits were up 22% year-over-year and …

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