Tilray Brands, Inc. TLRY Cannabis — Goodwill Impairment
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Where this comes from
Reported directly by Tilray Brands, Inc. in its filing.
Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.
The source filing: Tilray Brands, Inc.’s 10-Q, filed April 1, 2026.
- Filed
- Apr 1, 2026, 4:30 PM EDT
- Fiscal quarter
- Q3 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001437749-26-010907
In the prior year, during the fiscal quarter ended February 28, 2025, based upon a combination of factors including a sustained decline in the Company’s market capitalization stemming from the uncertainty resulting from certain changes in U.S. global economic policy, including slower than anticipated progress in global cannabis legalization and overall declines in the craft beer industry sector, the Company concluded that it was more likely than not, that the fair value of our reporting units were less than their carrying amounts. Accordingly, the Company utilized the income approach, which uses future discounted cash flows, to determine the fair value of each reporting unit. As a result, the Company recorded non-cash impairment charges of $570,000 of cannabis goodwill, $100,000 of beverage goodwill, $25,000 of wellness goodwill and $4,235 of distribution goodwill for the three and nine months ended February 28, 2025. The non-cash charge had no impact on the Company’s compliance with debt covenants at February 28, 2025, its cash flows or available liquidity.
Item 1. Financial Statements (Unaudited).
FAQ
- What is Tilray Brands, Inc.'s cannabis — goodwill impairment?
- Tilray Brands, Inc. (TLRY) reported cannabis — goodwill impairment of $570M in Q4 2025.
- How has Tilray Brands, Inc.'s cannabis — goodwill impairment changed year-over-year?
- Tilray Brands, Inc.'s cannabis — goodwill impairment decreased by 0.0% year-over-year, from $570M to $570M.
- What does cannabis — goodwill impairment mean?
- Represents the non-cash charge recognized when the carrying amount of goodwill allocated to the cannabis business segment exceeds its implied fair value. This reflects a downward revision in the expected future economic benefits of past acquisitions within the cannabis sector. Investors use this to assess the durability of historical M&A activity and potential overvaluation of intangible assets.
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