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

Cannabis Markets

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

Net loss for the period, which ended June 30, was $35.05 million compared to 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 following announcement of the results.

More details can be found here.

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