Tilray Q2 Net Revenue Rises 20%
January 10 2022 - 09:43AM
TipRanks
Tilray (TSE: TLRY) reported higher sales
and swung to profit in the second quarter of 2022,
taking advantage of the strong demand for its products.
Tilray is a global cannabis lifestyle and consumer packaged
products company with operations in Canada, the United States,
Europe, Australia, and Latin America. Sales &
Earnings Net revenue came in
at $155 million for the quarter
ended November 30, an
increase of 20% from $129 million in the prior-year
quarter. The increase is due to a 7% growth in cannabis
revenue to $58.8 million, net alcoholic beverage revenue of $13.7
million from SweetWater and wellness segment revenue of $13.8
million from Manitoba Harvest. Adjusted EBITDA increased
from $10.1 million to $13.8 million.
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Tilray Brands (NASDAQ:TLRY)
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