Tilray Brands' Strong Q3 Results and Bullish Outlook Earns Jefferies a "Buy" Rating

Tilray Brands reported Q3 revenue growth of 11.3%, driven by strong cannabis sales. Jefferies analysts reiterated a "Buy" rating and $24 price target, citing improving fundamentals and increased visibility into the company's medium-term outlook. The brokerage highlighted international cannabis operations and recent strategic developments as key areas of outperformance.