NANAIMO, B.C. — Cannabis company Tilray Inc. reported a loss in its latest quarter as revenue soared compared with a year ago before legalization of the recreational market in Canada late last year.
The B.C.-based company, which keeps its books in U.S. dollars, says it lost US$35.1 million or 36 cents per share for the quarter ended June 30.
The result compared with a loss of $12.8 million or 17 cents per share in the same quarter last year.
Revenue totalled $45.9 million, up from $9.7 million.