Tilray: Challenged Domestically, but Making Inroads Abroad
January 11 2022 - 02:18PM
TipRanks
The market evidently liked Tilray’s (TLRY) November quarter
results, sending shares up by 13% in the subsequent session,
despite a mixed report. Assessing the display, Cantor’s Pablo
Zuanic sees both positive and less encouraging metrics in the
print. On a negative note, the situation in the domestic Canadian
rec market remains difficult, with “market share erosion and
wholesale destocking” leading to a big quarter-over-quarter decline
in reported sales. Total cannabis revenue dropped by 16%
sequentially from 70.4 million in the August quarter to $58.8
million, coming in lower than the consensus estimate of $66.6
million and also below Zuanic’s call for $64.4 million.
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Tilray Brands (NASDAQ:TLRY)
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From May 2022 to Jun 2022
Tilray Brands (NASDAQ:TLRY)
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From Jun 2021 to Jun 2022