Cannabis firm Tilray’s revenue up, but wider loss reported

Cannabis firm Tilray’s revenue up, but wider loss reported

Canadian marijuana company Tilray on Tuesday reported revenue of 60.9 million Canadian dollars ($45.9 million) for the second quarter, up almost four times from the same period in 2018.

Net loss for the period, which ended June 30, was $35.05 million compared with a $12.83 million loss in the second quarter 2018.

Tilray, based in British Columbia, trades as TLRY on the Nasdaq.

The company’s share price was up over 8% in trading after the results were released.

More details can be found here.

Published at Tue, 13 Aug 2019 23:22:52 +0000