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Tilray Won't Be Profitable for at Least a Year, CFO Says

  • Spending on U.S. cannabidiol market takes first priority
  • Pot firm may also issue a bond in the next 12-24 months
With $800-An-Ounce Bud, Pot Artisans Try To Stick It To The Man
Photographer: Bloomberg/Bloomberg

Tilray Inc. won’t generate positive earnings for at least another year as it spends on the U.S. CBD market and other opportunities, according to the pot firm’s chief financial officer.

The Nanaimo, British Columbia-based cannabis company had originally expected to reach positive earnings before interest, taxes, depreciation and amortization by the end of 2019 but no longer expects to get there until 2020 at least.