Nov 12 (Reuters) - Canada's Tilray Inc TLRY.O posted a much bigger quarterly loss on Tuesday becaus
Nov 12 (Reuters) – Canada’s Tilray Inc TLRY.O posted a much bigger quarterly loss on Tuesday because the weed trade struggles with oversupply points in its house nation, main to cost cuts.
The Nanaimo, British Columbia-based firm’s web loss widened to $35.7 million, or 36 cents per share, within the third quarter ended Sept. 30, from $18.7 million, or 20 cents per share, a yr earlier.
Income jumped 5 instances to $51.1 million.
(Reporting by Shariq Khan in Bengaluru; Enhancing by Arun Koyyur)
(([email protected]; Inside U.S.+1 646 223 8780, exterior U.S. +91 80 6749 9759; Twitter: @s_qakhan))
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.