Search: Tilray

Tilray Shutters Ontario Greenhouse Purchased for $35 Million in 2019

Tilray® Announces Optimization Plan for Adult-Use Facilities in Canada Company to close High Park Gardens, licensed cannabis greenhouse located in Leamington, Ontario Facility closure expected to yield $7.5 million in annualized net savings as part of global cost-efficiency and restructuring measures to achieve profitability and grow revenues High Park Farms and High Park London remain […] READ MORE: https://www.newcannabisventures.com/tilray-shutters-ontario-greenhouse-purchased-for-35-million-in-2019/

Tilray’s CEO Expects at Least a Dozen Cannabis Bankruptcies in 2020 — Is He Right?

Canadian cannabis company Tilray’s (NASDAQ: TLRY) CEO believes that at least 12 marijuana companies will go under this year. In March, Tilray announced that it would be raising $90.4 million through an offering, largely because the company still could. CEO Brendan Kennedy told BNN Bloomberg that he “wasn’t sure anyone was going to be able to raise any money in this industry…

Expect at least a dozen pot companies to go bankrupt in 2020: Tilray CEO

The COVID-19 pandemic is likely to force at least a dozen cannabis companies to file for bankruptcy as available liquidity dries up, according to Tilray Inc.’s chief executive officer.  “I’ve actually been surprised by the dozen bankruptcies that have already happened,” said Tilray CEO Brendan Kennedy in a phone interview with BNN Bloomberg.  “Based on the calls that I’m getting,…

Tilray Q1 Cannabis Revenue Grows 9% Sequentially to $30.8 Million

Tilray, Inc. Reports First Quarter 2020 Financial Results Quarterly Revenue Increased 126% to $52.1 Million (C$70.7 Million) Compared to the First Quarter of 2019 and 11% Sequentially from the Fourth Quarter of 2019 International Medical Cannabis Sales Exceeded Canada Medical Sales by 43% in the Quarter Implemented Cost Reductions Designed to Achieve Approximately $40 Million […] READ MORE: https://www.newcannabisventures.com/tilray-q1-cannabis-revenue-grows-9-sequentially-to-30-8-million/

Tilray, Inc. Reports First Quarter 2020 Financial Results

NANAIMO, British Columbia–(BUSINESS WIRE)–Tilray, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY), a global pioneer in cannabis research, cultivation, production and distribution, reports financial results for the first quarter ended March 31, 2020. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated. “We are pleased to report strong sequential quarterly revenue growth across each of…

Tilray to Report First Quarter 2020 Financial Results on May 11, 2020

NANAIMO, British Columbia–(BUSINESS WIRE)–Tilray Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY), a global pioneer in cannabis production, research, cultivation and distribution, announced today it will report results for the first quarter ended March 31, 2020 on Monday, May 11, 2020 after market close. The Company will host a conference call to discuss these results at 5:00 p.m. ET. Investors interested…

Tilray to Allow Early Release of 11 Million Locked-Up Shares

Tilray, Inc. Releases 11 Million Shares From Lock-Up Agreement NANAIMO, British Columbia, March 31, 2020-(BUSINESS WIRE)–Tilray, Inc. (NASDAQ: TLRY) (“Tilray”), a global pioneer in cannabis production, research, cultivation and distribution, today announced that the Board of Directors of Tilray unanimously approved the pro rata release of 11 million shares of Class 2 common stock held […] READ MORE: https://www.newcannabisventures.com/tilray-to-allow-early-release-of-11-million-locked-up-shares/