Canadian marijuana producer Tilray reported mixed third-quarter earnings after the close Tuesday. Revenue beat expectations but losses were larger than expected with higher costs and lower average selling prices. $TLRY rose over 2% on the report. Tilray Inc NASDAQ: TLRY Reported Earnings After Close Tuesday ($0.32) Missed Exp ($0.23) EPS and $45.9 Beat $40 million forecast in revenue Earnings Tilray TLRY reported a third-quarter net loss of $35.7 million, or 36 cents a share, versus $18.7 million, or 20 cents … Continue reading “Tilray European Weed Buy Sees Revenue Increase Five Fold But Still Reports Big Losses”
California Loves Their Weed – $3.1 Billion Legal Sales By 2019
California is considered the world’s largest marijuana market and it’s legal cannabis market is currently on track to grow 23% in 2019 to $3.1 billion and to reach $7.2 billion in 2024, a 19% compound annual growth rate (CAGR) over the next five years.
Tilray Reports Another Big Loss With Marijuana Selling Price Down A Third
Canadian marijuana producer Tilray reported mixed second-quarterearnings aftet the close Tuesday. Revenue beat expectations but losses were larger than expected with huigher costs and lower average selling prices. $TLRY slid over 5% on the report.
Canopy Growth Falls After Revenue Misses Despite Legal Canadian Cannabis
Canadian marijuana firm Canopy Growth Corp. (WEED $TSX -CGC $NYSE) reported worse than expected third quarter earnings before the open Wednesday. $CGC was down over 11% by lunchtime as higher expenses and a miss on revenue despite the legalisation of recreation pot in Canada.
Australia Plan To Be World’s Number One Medical Marijuana Supplier
Timing is everything, in a week where Australia’s balance of trade was a surprise deficit and U.S. Attorney General Jeff Sessions moved to dismantle American Medical Marijuana, Australia moved to become the world’s biggest supplier.