Tilray CEO Says Focus on Profitability is ‘Constraining’
- Pot company reports wider-than-expected 2Q Ebitda loss
- Revenue beat estimates as Tilray sold 86% more cannabis
Source: Tilray
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Tilray Inc. shares fell 7.5% in post-market trading after the cannabis company reported a wider-than-expected second-quarter loss.
Although revenue of $45.9 million was ahead of the consensus estimate of $40.3 million, investors appeared to focus on the $17.9 million loss before interest, taxes, depreciation and amortization. That was wider than the $14.4 million expected by analysts and comes as pot investors are increasingly focused on profitability.