The Globe and Mail reports in its Friday edition that Tilray Brands posted a loss of $34.7-million in its first quarter, compared with a loss of $55.9-million in the same quarter last year, as its net revenue rose 13 per cent (all figures U.S.). A Canadian Press dispatch to The Globe says the loss amounted to four cents per diluted share for the quarter ended Aug. 31 compared with a loss of 10 cents per diluted share a year earlier. Net revenue totalled $200-million for the three-month period, up from $176.9-million in the same quarter last year. The increase came as Tilray's beverage alcohol business earned net revenue of $56-million, up from $24.2-million a year ago, while its cannabis business saw net revenue of $61.2-million, down from $70.3-million in the same quarter last year. Tilray's distribution business earned $68.1-million in net revenue, down from $69.2-million, and its wellness business earned $14.8-million in net revenue, up from $13.3-million a year ago. Tilray closed Thursday at $2.19 (Canadian), down six Canadian cents on the Toronto Stock Exchange.