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Tilray reports bigger loss as oversupply hits weed prices

Published 2019-11-12, 04:09 p/m
© Reuters.  Tilray reports bigger loss as oversupply hits weed prices

Nov 12 (Reuters) - Canada's Tilray Inc TLRY.O posted a bigger quarterly loss on Tuesday as the weed industry struggles with oversupply issues in its home country, leading to price cuts.

The Nanaimo, British Columbia-based company's net loss widened to $35.7 million, or 36 cents per share, in the third quarter ended Sept. 30, from $18.7 million, or 20 cents per share, a year earlier. jumped five times to $51.1 million.

Latest comments

By opening more stores. All it would do is move inventory from one warehouse to another. lol
This might be a 5 year sleeper. When the feds open up retail channels they will likely start turning massive profits.
The fed just shut down two dispensaries in squamish BC . 99 north was the first ones to apply for a license and never hewrd back from the governement .Sky high dispensary got it before them applying for it well after . Sounds like the gorvernment is playing favourites possibly for their cut.
The famous 300$ stock sinking to its final resting place.
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