logo
Plus   Neg
Share
Email

Tilray Remains Firmly Negative After Early Sell-Off

After falling sharply early in the session, shares of Tilray, Inc. (TLRY) continue to see significant weakness in afternoon trading on Wednesday. Tilray is currently down by 9.8 percent.

The steep drop by Tilray comes after the Canadian cannabis producer reported a wider third net loss on slightly weaker than expected revenues.

Tilray reported a third quarter net loss of $18.7 million or $0.20 per share compared to a loss of $1.8 million or $0.02 per share a year ago.

Excluding non-cash compensation, Tilray reported a narrower than expected loss of $0.08 per share, although its revenues of $10.0 million came in just below estimates for $10.1 million.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
British luxury car giant Aston Martin unveiled its first SUV at an event in Los Angeles and at a simultaneous event in Beijing. The DBX SUV comes with an aluminium body with a typical Aston Martin grille flanked by LED headlights with LED DRLs. "I can't emphasize enough how incredibly exciting... Google has rolled out an audio news service for Google Assistant, called 'Your News Update,' which will read out a user's customized news feed. According to the tech giant, 'Your News Update' is a smarter way to listen to the news hosted by the Google Assistant. The customized news feed will deliver stories from a variety of media partners, including CBS, Politico, Fox News and CNN. The U.S. Securities and Exchange Commission said it has filed an emergency action and received a temporary restraining order and asset freeze against two Florida residents as well as the two companies controlled by them for an alleged $6 million Ponzi scheme. The Ponzi scheme by Neil Burkholz of Boca Raton, Florida, and Frank Bianco of Pembroke Pines, Florida, defrauded at least 55 investors.
RELATED NEWS
Follow RTT
>