Marijuana firm Tilray’s income up, wider loss reported

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Canadian marijuana enterprise Tilray on Tuesday reported income of 60.9 million Canadian dollars ($45.9 million) for the second quarter, up nearly 4 instances 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 price tag was up more than eight% in trading soon after the outcomes have been released.

Much more details can be discovered right here.

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