Cannabis firm Tilray’s revenue up, but wider loss reported

Canadian marijuana company Tilray on Tuesday reported revenue of 60.9 million Canadian dollars ($45.9 million) for the second quarter, up almost four times from the same period in 2018.

Net loss for the period, which ended June 30, was $35.05 million compared with a $12.83 million loss in the second quarter 2018.

Tilray, based in British Columbia, trades as TLRY on the Nasdaq.

The company’s share price was up over 8% in trading after the results were released.

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