The company recorded net revenue of US$151.9-million for the quarter, up from US$123.9-million in the same quarter last year, driven by increases in cannabis, beverage alcohol and wellness product sales.
Irwin D. Simon, Tilray’s chairman and CEO, says the company’s third quarter results reflect progress and momentum across Tilray’s key business segments and geographies. He says Tilray’s recent deal to take a stake in rival Hexo Corp. will “facilitate complementary commercial and product innovation and drive production and operating efficiencies.”
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