Shares of Tilray, Inc. (TLRY) rose 2.1% to close at $11.02 on Thursday after the global cannabis-lifestyle and consumer packaged goods company met first-quarter Fiscal 2022 loss estimates. The company, however, missed analysts’ expectations on the revenue front. TLRY reported a loss of $0.08 per share in the first quarter, in line with the consensus estimate. Results compare favorably with the loss of $0.09 per share recorded in the same quarter last year. Additionally, revenues surged 43% year-over-year to $168 million, but still disappointed by missing analysts’ expectations of $177.92 million. Segment-wise, the company’s cannabis revenue jumped 38% year-over-year, while distribution revenue grew 1.4%.
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Tilray Brands (NASDAQ:TLRY)
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