cryptoTilray narrows net loss but misses analyst estimates

Tilray narrows net loss but misses analyst estimates

Tilray Manufacturers Inc.
TLRY,
+30.87%
mentioned Friday its first-quarter loss narrowed to $65.8 million, or 13 cents a share, from a lack of $34.6 million, or 9 cents a share, within the year-ago quarter. Income on the hashish firm fell 9% to $153.2 million. Analysts anticipated Tilray to lose 7 cents a share on income of $155.9 million, in line with FactSet information. Shares of Tilray rose 3% in premarket trades Friday, including to positive factors from the earlier session on feedback from President Joe Biden to pardon folks for hashish possession and research the re-scheduling of hashish within the U.S.

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