Tilray, Inc. (TLRY) Posts Wider Q2 Loss as Revenues Miss
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Tilray, Inc. Reports 2020 Second Quarter Results
August 10, 2020 4:05 PM EDTRevenue Increased 10% to $50.4 Million (C$69.4 Million) versus Q2 2019
Cost Savings of $13.0 Million Realized in Q2 2020 on Pace for Total Annualized Savings of Approximately $55 Million
Net Loss of ($81.7) Million increased $45.4 Million versus Q2 2019 Partially Due to Facilities Closure and Inventory Adjustments
Adjusted EBITDA Loss of ($12.3) Million Represents 32% Improvement compared to both Q2 2019 and Q1 2020
$137 Million Q2 2020 Ending Cash Balance and $250 Million Remaining on ATM
NANAIMO, British Columbia--(BUSINESS WIRE)-- Tilray, Inc. (Tilray or the Company) (Nasdaq: TLRY), a global pioneer in cannabis research, cultivation, production and distribution,... More
