Tilray Brands (TLRY) faces a mixed outlook according to Zuanic & Associates, despite its strong balance sheet and diverse global presence. While its international expansion, particularly in Germany, is showing promise, rising costs and market share losses in Canada raise concerns. The company’s strategic focus on the U.S. beverage market with acquired craft beer brands presents potential for growth, but revenue targets remain elusive. Zuanic advises investors to hold off for now, awaiting clearer signs of sustainable growth and improved operational efficiency.