Tilray reported a 126% increase in sales year-over-year, though a US$30M impairment left the company posting an improved net loss of US$184.1 (down from $219.1M last quarter), and a US$19.7M loss in adjusted EBITDA. Net revenue was $47.1M.
BNN Bloomberg
- The company’s sales were up 11% quarter over quarter, helped by increased pandemic-related buying in March.
Marketwatch - CEO Brendan Kennedy said the future of will depend on retail. The company expects to see 1,250 stores across Canada by the end of the year.
Twitter–@JeffLagerquist - The company is no longer ascribing value to trim byproducts, once thought to be worth extracting.
Twitter–@TheCannalysts
CEO Kennedy offered some optimism, saying Fortune 500 companies are warming to investment in the sector, thanks in part to cannabis stocks descending from dizzy heights.
Yahoo Finance.
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Ottawa’s Hybrid Pharm opened the first pharmacy outside of Shoppers Drug Mart with a sales license, and may provide both traditional pharmaceuticals and MED. (They are not licensed to compound cannabis.)
Twitter–@StoicAdvisory, @DhallaRahim -
Demand for pediatric MED is increasing, even as most pediatricians are uncomfortable prescribing MED to children. The Canadian Paediatric Society will publish guidelines this summer.
The Conversation