Another quarter, and another loss for Tilray Brands (TSX: TLRY) shareholders who are left wondering why they invested in the company in the first place.
Investors on Friday saw the equity sink as much as 15% after the release of the firms second quarter financial results, which were highlighted by single digit revenue growth that was offset by double-digit increases in net losses on a quarter over year basis.
The cannabis-turned distribution-turned alcohol brewer seems to be further away from profitability than ever, while attempting to woo investors by boasting about net revenue growth.
Lets dive in.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
One Response
They have everything for success, they need a better planning team , I would get Palantir to make better judgments and then you’ll see profits, and when they legalize it we are going to be rolling in it 😉