Marijuana firm Tilray’s income up, wider loss reported

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Canadian marijuana organization Tilray on Tuesday reported income of 60.9 million Canadian dollars ($45.9 million) for the second quarter, up just about 4 occasions from the very same period in 2018.

Net loss for the period, which ended June 30, was $35.05 million compared with a $12.83 million loss in the second quarter 2018.

Tilray, primarily based in British Columbia, trades as TLRY on the Nasdaq.

The company’s share value was up more than eight% in trading just after the benefits had been released.

Extra details can be identified right here.

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Categories: Canadian Health-related Marijuana &amp Cannabis Sector News, Cannabis Sector &amp Marijuana Small business Briefs, Marijuana Sales, Funding &amp Banking News, Marijuana Stocks &amp Publicly Traded Cannabis Firms, United States Cannabis Sector &amp Marijuana Small business News

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