Company News

BUZZ-Cannabis stocks blazing on Tilray quarterly results

** U.S. shares of Canadian cannabis companies higher in aftermarket trading on Tues after Tilray Inc reported quarterly results for first time as publicly traded co

** TLRY up 13.2 pct, while U.S.-traded shares of Canopy Growth Corp rise 3.9 pct and U.S. shares of Cronos Group Inc 7.4 pct higher

** U.S.-listed ETFMG Alternative Harvest ETF up 2.3 pct

** Tilray, which had IPO on July 19, reported Q2 rev nearly doubled yr/yr to $9.7 mln

** Total kilogram equivalent of cannabis sold also nearly doubled yr/yr to 1,514 kilograms, with avg selling price per gram rising to $6.38 from $6.20, driven by sales of more potent products

** Since July 19 close, TLRY has jumped 130 pct, as of Tues close