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Tilray Says ‘Cannabis Industry Remains Very Robust’

Adam Jones
Updated
Tilray Says ‘Cannabis Industry Remains Very Robust’

Yesterday, Tilray (TLRY) reported earnings for its third quarter, which ended on September 2018. The company missed both top-line and bottom-line consensus estimates. The stock declined about 3.1% to $108 in the after-market trading session. However, the company’s CEO, Brendan Kennedy, stated, “the cannabis industry remains very robust.” Cronos Group (CRON) also reported its earnings early yesterday. Read Key Updates on Cronos Group’s Third-Quarter Earnings for more information.

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