TLRY Tilray Brands, Inc. Insider Trading

Global General Counsel buys 6,000 shares at $0.58; prior buys at TLRY showed +834.3% to +905.4% 30-day returns; cluster pattern with 2 other insiders.

Gendel Mitchell, Global General Counsel, purchased 6,000 shares at $0.58 on 2025-07-31, expanding holdings to 698.3K shares. This buy occurs in a cluster pattern: 2 other insiders also bought within the past 14 days. Notably, Mitchell's prior two purchases at TLRY (2024-01-16 and 2024-01-12) both demonstrated strong 30-day performance of +834.3% and +905.4% respectively, establishing a historical pattern of well-timed entry points at this ticker. The current price of $6.08 is -70.0% from the 52-week high of $20.30, suggesting a depressed valuation environment; however, the stock has rallied +12.9% over 30 days and +44.4% over 90 days. The company remains unprofitable (full-year net income: $-789.4M) with modest revenue growth of +4.1% year-over-year, so the buy appears unconnected to recent positive fundamentals. The convergence of insider cluster activity, Mitchell's documented pattern of successful timing at this ticker, and the significant pulldown from 52-week highs warrants investor attention.

Tilray CFO Merton buys 33,500 shares at $0.60 ($19.9K); repeats pattern of prior purchases that returned +775.0% and +905.4% within 30 days.

Merton Carl A, Tilray's CFO, purchased 33,500 shares at $0.60 on 2025-07-30, adding to a position that grew from 764,569 shares to 798,069 shares (+4.4%). The transaction price of $0.60 represents a sharp disconnect from the current price of $6.12, which itself sits -69.8% from the 52-week high of $20.30, suggesting either significant recovery since purchase or data-timing issues. More notable is the CFO's historical pattern at this ticker: his two prior TLRY purchases (2024-11-15 at unspecified price and 2024-01-12) both delivered outsized 30-day returns of +775.0% and +905.4% respectively, with corresponding 90-day returns of +593.6% and +916.0%. His cross-ticker track record shows an 100.00% win rate across 2 prior buys with an average 90-day return of +754.8%. This persistent pattern of well-timed entry points—both at TLRY and across his open-market history—stands in contrast to the company's fundamental weakness: net income of $-789.4M on quarterly revenue of $185.8M, with the company unprofitable over its most recent full fiscal year. The signal is not about valuation or conviction but rather a demonstrated repetition of a historically successful timing behavior at this specific security.

TLRY CEO Simon Irwin bought 165,000 shares at $0.61 (July 30, 2025); track record shows 1 prior buy with +900.0% 30d, +910.6% 90d returns.

CEO Simon Irwin D purchased 165,000 shares of Tilray at $0.61 on 2025-07-30, growing his holdings from 3.78M to 3.94M shares. His cross-ticker track record demonstrates a single prior buy with exceptional outcomes: +900.0% average 30-day return and +910.6% average 90-day return at a 100% win rate. At the same ticker, his prior buy on 2024-01-12 also delivered +900.0% 30d and +910.6% 90d returns, indicating a pattern of well-timed accumulation. The stock currently trades at $6.12, up 47.7% over the past 30 days and 26.1% over 90 days, though it remains 69.8% below its 52-week high. However, the company's fundamentals show net income of $-789.4M against revenue of $185.8M, with an unprofitable full fiscal year—a material constraint on what this accumulation can credibly signal about future company direction.

CFO Merton Carl A buys 26,000 shares of TLRY at $1.36; stock -53.7% from 52-week high, company unprofitable.

Merton Carl A, the Chief Financial Officer, purchased 26,000 shares at $1.36 on 2024-11-15, establishing his first holding at TLRY. The transaction occurs after the stock has declined -53.7% from its 52-week high of $28.50 and has fallen -17.0% over the prior 30 days. His prior buy at this ticker on 2024-01-12 delivered a 90-day return of +916.0%, marking a well-timed entry. However, the company's fundamental position remains challenged: it reported negative net income of $-39,165,000.00 on quarterly revenue of $200,044,000.00, and remained unprofitable over its most recent full fiscal year, despite annual revenue growth of +25.8%. The CFO's purchase into a significantly depressed stock price and a pattern of prior well-timed accumulation at the same ticker merit scrutiny, particularly given the company's lack of profitability and the steep recent price declines.