Cannabis company Tilray reports Q2 loss grew to US$35.1M, revenue up

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.

... read more at: https://cfjctoday.com/2019/08/14/cannabis-company-tilray-reports-q2-loss-grew-to-us35-1m-revenue-up/

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