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Cannabis company Tilray (NASDAQ: TLRY) announced its financial results for the third quarter of 2023, reporting a net loss and a 4% decrease in profit.
The company reported a net loss of $1.20 billion or $1.90 per share for the three months ended February 2023, compared with a profit of $52.5 million or $0.09 per share in the year-ago period. Adjusted marijuana gross profits increased 23% year-over-year to about $22.2 million.
The following was negatively impacted by a 4% decrease in revenue to $145.6 million. At $14.0 million, adjusted EBITDA was up 39%.
Previous Performance
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