Cannabis company Tilray Brands reports US$55.9-million quarterly loss, revenue up 15% from year ago

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

United States News News

United States United States Latest News,United States United States Headlines

Tilray says the loss amounted to 10 cents per diluted share for the quarter ended Aug. 31

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.Market data values update automatically. Checking box will enable automatic data updates.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cannabis company Tilray Brands reports $55.9M Q1 loss, revenue up 15% from year agoLEAMINGTON, 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. The result compared with a loss of 13 cents per diluted share in the same quarter last year. Net revenue in what was Tilray's first quarter totalled US$176.9 million, u
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Cannabis company Tilray Brands reports $55.9M Q1 loss, revenue up 15% from year agoTilray 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.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Cannabis seller Tilray broadens footprint in the brewery business, closing deal with Anheuser-BuschThe cannabis company Tilray expanded its position in the craft brew industry, completing the acquisition of eight beer brands from Anheuser-Busch that it had announced over the summer.
Source: SooToday - 🏆 8. / 85 Read more »

Cannabis firm Tilray broadens footprint in brewery business, closing deal with Anheuser-BuschThe companies did not disclose financial details of the deal, but Tilray said earlier this month when it announced the acquisition that it would be paying cash
Source: globeandmail - 🏆 5. / 92 Read more »

Cannabis seller Tilray broadens footprint in the brewery business, closing deal with Anheuser-BuschThe cannabis company Tilray expanded its position in the craft brew industry, completing the acquisition of eight beer brands from Anheuser-Busch that it had announced over the summer.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Earnings, September jobs report: What to watch this weekThe first week of October is off to a busy start. Yahoo Finance’s Josh Schafer takes a dive into what investors should look out for, including earnings from Levi Strauss & Co. (LEVI) and cannabis company Tilray Brands (TLRY), as well as the September jobs report expected out on Friday. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »