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Tilray Brands Q1 Net Loss Sharply Narrows; Stock Up 16%

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Cannabis cultivator Tilray Brands, Inc. (TLRY, TLRY.TO) reported Thursday a first-quarter a net loss attributable to stockholders of Tilray of $0.32 million or $0.00 per share, sharply wider than a net loss of $39.17 million or $0.04 per share in the prior-year quarter.

Net revenue for the quarter increased 5 percent to $209.50 million from $200.04 million in the same quarter last year. Analysts were looking for revenues of $213.98 million for the quarter.

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