Advertisement
Canada markets open in 4 hours 14 minutes

  • S&P/TSX

    21,871.96
    +64.59 (+0.30%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • DOW

    38,239.98
    +253.58 (+0.67%)
     

  • CAD/USD

    0.7294
    -0.0007 (-0.09%)
     

  • CRUDE OIL

    82.37
    +0.47 (+0.57%)
     

  • Bitcoin CAD

    90,902.32
    +403.94 (+0.45%)
     

  • CMC Crypto 200

    1,395.87
    -18.89 (-1.33%)
     

  • GOLD FUTURES

    2,315.30
    -31.10 (-1.33%)
     

  • RUSSELL 2000

    1,967.47
    +19.82 (+1.02%)
     

  • 10-Yr Bond

    4.6230
    +0.0080 (+0.17%)
     

  • NASDAQ futures

    17,395.75
    +45.75 (+0.26%)
     

  • VOLATILITY

    16.69
    -0.25 (-1.48%)
     

  • FTSE

    8,046.54
    +22.67 (+0.28%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • CAD/EUR

    0.6838
    -0.0012 (-0.18%)
     

Tilray reports bigger loss as oversupply hits weed prices

Reuters

(Reuters) - Canada's Tilray Inc <TLRY.O> posted a bigger quarterly loss on Tuesday as the weed industry struggles with oversupply issues in its home country, leading to price cuts.

The Nanaimo, British Columbia-based company's net loss widened to $35.7 million, or 36 cents per share, in the third quarter ended Sept. 30, from $18.7 million, or 20 cents per share, a year earlier.

Revenue jumped five times to $51.1 million.

(Reporting by Shariq Khan in Bengaluru; Editing by Arun Koyyur)