LEAMINGTON, Ont. — Tilray Brands Inc. reported a loss of US$55.9 million in its latest quarter compared with a loss of US$65.8 million a year earlier as its net revenue rose 15 per cent.
The cannabis company, which keeps its books in U.S. dollars, says the loss amounted to 10 cents per diluted share for the quarter ended Aug. 31.Net revenue in what was Tilray's first quarter totalled US$176.9 million, up from US$153.2 million a year earlier.The company says the deal helps make it the fifth largest in the U.S. craft beer market.The Canadian Press
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