Search: Tilray

Why Tilray stock is tanking today

What happened Shares of Tilray (NASDAQ: TLRY) are tanking today, down by 10.3% as of 10:40 a.m. EDT. The big drop reflects investors’ disappointment with the Canadian cannabis producer’s second-quarter results , which were announced on Tuesday after the market closed. So what Analysts expected Tilray to post a net loss of $0.25 per share. However, the company actually reported an adjusted net loss…

Canadian pot company Tilray’s stock slips after posting a wider-than-expected loss for the second quarter

Tilray’s stock fell after the Canadian cannabis company reported a wider-than-expected loss for the second quarter after the markets closed Tuesday. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Adjusted earnings per share: A loss of 32 cents vs. a loss of 25 cents expected Revenue: $45.9 million…

Tilray Reports Strong Cannabis Revenue Growth in Q2 to $26 Million

Tilray, Inc. Reports Second Quarter 2019 Financial Results Revenue Rises 371.1% to $45.9 (C$60.9) Million in the Second Quarter Compared to the Prior Year Period Canadian Adult-Use Revenue Nearly Doubles to $15.0 (C$20.0) Million Compared to Prior Quarter Key Investments Made in Europe and the U.S. as Part of Ongoing Focus on Global Expansion NANAIMO, […] READ MORE: https://www.newcannabisventures.com/tilray-reports-strong-cannabis-revenue-growth-in-q2-to-20-million/

Zenabis Closes $30 Million Non-Dilutive Financing via Supply Agreement with Tilray®

Canada NewsWire VANCOUVER, July 11, 2019 VANCOUVER, July 11, 2019 /CNW/ – Zenabis Global Inc.’s (TSX:ZENA) (“Zenabis” or the “Company“) wholly-owned subsidiary, Zenabis Ltd., has closed its previously-announced non-dilutive financing via a pre-paid supply agreement with High Park Holdings Ltd. (“High Park”) (the “Supply Agreement”), a wholly-owned subsidiary of Tilray, Inc. (NASDAQ:TLRY) (“Tilray”). Pursuant to the Supply Agreement, High Park advanced $30 million to Zenabis (the “prepaid…