Tilray Reports Surprise Profit as Revenue Jumps 20%

By Cory Maki Cory Maki has been verified by Muck Rack's editorial team
Published on January 10, 2022
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The Street

By Tony Owusu Tilray swung to fiscal-second-quarter net income of $6 million from a loss of nearly $90 million a year earlier. Tilray (TLRY) – Get Tilray, Inc. Report reported a surprise fiscal-second-quarter profit as the Canadian cannabis company reported revenue jumped 20% in the face of what Chief Executive Irwin Simon called sharp competition and macroeconomic challenges. In the quarter ended Nov. 30, the company earned US$6 million, compared with a loss of $89 million in the year-earlier quarter. On a per share basis, the company broke even in the latest quarter. Revenue reached $155.2 m…

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By Cory Maki Cory Maki has been verified by Muck Rack's editorial team

Cory Maki is a former Staff Editor and the Business Development Manager at Grit Daily.

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