- Tilray Inc. expects Canada’s cannabis supply could become balanced within the next two years, while the cannabis producer ramps up its production and manufacturing footprint in the country. The company’s net loss was $30.3 million or 32 cents per share, compared with $5.2 million or seven cents per share for the first quarter of the previous year. Its adjusted net loss, which accounts for non-recurring acquisition related charges, was $25.2 million or 27 cents per share. Article Continued BelowAnalysts surveyed by Thomson Reuters Eikon expected revenue of $20.2 million and a net loss of $22.8 million or 25 cents per share. Tilray said the higher net loss was primarily because of increased operating expenses related to growth initiatives, the addition of Winnipeg-based Manitoba Harvest and the expansion of international teams.

Source: thestar May 14, 2019 20:56 UTC