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Cannabis company Tilray Brands reports US$34.7-million first-quarter loss, revenue up from year ago

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United States,Quarter,Revenue

The 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

reported a loss of US$34.7-million in its first quarter, compared with a loss of US$55.9-million in the same quarter last year, as its net revenue rose 13 per cent.

Net revenue totalled US$200.0-million for the three-month period, up from US$176.9-million in the same quarter last year.

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