Tilray Net Loss Nearly Doubles From Year Ago, But Biden Marijuana Pardons Keep The Stock Up

Tilray Net Loss Nearly Doubles From Year Ago, But Biden Marijuana Pardons Keep The Stock Up

August 31, 2022  net revenue of $153.2 million. $168.02 million for the same period last year.

First Quarter Highlight

– Net loss was $65.8 million or 13 cents per share, versus net loss of $34.6 million or $0.08 in the first quarter of 2021.

EBITDA of $13.5 million n the coressponding period of 2021, adjusted EBITDA was a gain of $12.7 million.

– Gross profits was $48.6 million, compared to $50.96 million in the same period of 2021.

Achieved $108 million in annualized cash cost-savings since the closing of the Tilray – Aphria transaction in May 2021, up from $85 million as of May 31, 2022

International cannabis revenue was $10.4 million

International cannabis revenue was $10.4 million

– Maintained #1 position in Canada with 8.5% cannabis market share, driven by Tilray’s comprehensive portfolio of adult-use brands.