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Company News

Cannabis firm Tilray 3rd qtr revenue climbs 86 pct

TORONTO, Nov 13 (Reuters) - Canadian cannabis producer Tilray Inc said on Tuesday its third-quarter revenue rose 86 percent to $10 million (13.24 million Canadian dollars), compared with the consensus analyst estimate of $10.1 million.

Net loss expanded to $18.7 million, or 20 cents a share, in the three months ended Sept. 30, from $1.8 million, or 2 cents, in the year-ago period, on higher operating expenses to fund growth at home and abroad, the Nanaimo, British Columbia-based company said in a statement. (1 Canadian dollar = $0.7555) (Reporting by Nichola Saminather; Editing by Richard Chang)

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