Tilray to Post a Profit in Canada in the ‘Next Quarter or Two,’ CEO Says
- Brendan Kennedy also sees Europe profitability in 2-3 quarters
- Stock gains as much as 8.9% following comments on Bloomberg TV
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Tilray Inc. will be profitable in Canada in the “next quarter or two” and in Europe in the next two to three quarters, according to Chief Executive Officer Brendan Kennedy.
“We’ll continue to invest in new regions and new countries, but on an existing basis in terms of our existing footprint, we see profitability within the next half year to year,” Kennedy said in an interview on Bloomberg TV.