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Tilray CEO Irwin Simon Discusses Q1 Earnings and Company Outlook

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Tilray recently reported its first quarter earnings, revealing a narrower-than-expected loss but falling short of revenue estimates. CEO Irwin Simon joins Market Domination to discuss the report and share his outlook on the company.

) recently reported its first quarter earnings, revealing a narrower-than-expected loss but falling short of revenue estimates. The company posted revenue of $200 million, missing Wall Street's projection of $219.2 million. However, the adjusted earnings per share showed a loss of $0.01, below the expected $0.04 loss per share.

Simon emphasizes that Tilray approaches its business from an annual perspective rather than focusing on quarterly results. He notes that year-over-year, the company has grown its cannabis business by 13%, emphasizing margin expansion and profitability. Additionally, the beverage business saw growth of over 139%, boosted by a new Molson Coors -- ThreeD Capital Inc.

CES Energy Solutions Corp. was recently recognized as a TSX30TM 2024 winner, by the Toronto Stock Exchange . The TSX30TM 2024 list ranks the top-performing TSX stocks and is based on the average dividend-adjusted three-year price performance for the period ended June 30, 2024, which represented 335% for CES, ranking us 4th on the TSX30TM 2024 list.

 

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Cannabis company Tilray Brands reports US$34.7-million first-quarter loss, revenue up from year agoThe company says the loss amounted to four cents US per diluted share for the quarter ended Aug. 31 compared with a loss of 10 cents US per diluted share a year earlier
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