Tilray, which laid off 10% of its staff last month, posted its Q4 earnings; Revenue was US$46.9M–missing the consensus estimate of US$55.4M.
BNN Bloomberg, Financial Post, Bloomberg
- Tilray’s adjusted EBITDA loss was USD$35.3M. Though 33% lower than the previous quarter, this was far more than the consensus prediction of $21.8M.
MJ Biz Daily
CEO Brendan Kennedy said Tilray’s plan to profitability will rest on 2.0 products–including drinks it will produce out of its partnerships with beverages producer Anheuser-Busch InBev and edibles produced by subsidiary Chowie Wowie.
CTV News
Quick Hits
- Defence attorneys complained they lack the means to test newly approved SoToxa saliva testing devices, as they are only sold to law enforcement.
