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Tilray Brands: TD Cuts Target to C$6.50, Maintains Buy Rating

Canadian Analyst Updates: August 19th, 2026

Tilray Brands Inc. (TLRY:CA) — TD Securities maintained its Buy rating and lowered its price target to C$6.50 from C$6.75. The target change represents a 3.7% decrease. Tilray is scheduled to report its fiscal 2027 first-quarter results before markets open on October 8, providing an update on its cannabis, beverage and wellness businesses. Looking ahead, investors will be watching revenue quality, gross margins and cash conversion. International cannabis demand, beverage performance and financing needs will influence whether operating progress supports the retained Buy rating.

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