Tilray Brands Inc.
stock was up 3% in premarket trades on Wednesday after the cannabis company reported a narrower fourth-quarter loss that missed Wall Street expectations, while its revenue beat analyst projections. Tilray said its net loss for the three months ended May 31 narrowed to $119.8 million, or 15 cents a share, from a loss of $457.8 million, or 99 cents a share, in the year-ago quarter. Revenue rose by 20% to $184.19 million, a record.
stock was up 3% in premarket trades on Wednesday after the cannabis company reported a narrower fourth-quarter loss that missed Wall Street expectations, while its revenue beat analyst projections. Tilray said its net loss for the three months ended May 31 narrowed to $119.8 million, or 15 cents a share, from a loss of $457.8 million, or 99 cents a share, in the year-ago quarter. Revenue rose by 20% to $184.19 million, a record.