Tilrays Q3 Earnings call. They are growing. Tilray is a Buy. People shorting, Don’t listen to those Fools.

Posted: Apr 09, 2024

- Revenue increased to $188.3 million in the third quarter, up 30% from the previous year - Gross profit was $49.4 million, with adjusted gross profit up 17% to $51.6 million - Beverage-alcohol revenue increased 165% to $54.7 million, while cannabis revenue increased 33% to $63.4 million - Distribution net revenue was $56.8 million, impacted by short-term challenges - Wellness net revenue increased 12% to $13.4 million - Net loss decreased to $105.0 million, with net loss per share narrowing to ($0.12) - Adjusted EBITDA was $10.2 million - Liquidity position of ~$226 million - Reduced outstanding convertible debt - Improvement in cash use attributed to HEXO and Truss synergies.





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