March 2, 2020 / 9:34 PM / in 5 months

Cannabis producer Tilray reports bigger quarterly loss

March 2 (Reuters) - Canadian pot firm Tilray Inc reported a bigger quarterly loss on Monday, hurt by an impairment charge related to its assets and higher costs.

Net loss widened to $219.1 million, or $2.14 per share, in the fourth quarter ended Dec. 31, from $31.0 million, or 33 cents per share, a year earlier.

Tilray took a non-cash charge of $112.1 million in the reported quarter.

Revenue more than tripled to $46.9 million. (Reporting by Arundhati Sarkar in Bengaluru; Editing by Shounak Dasgupta)

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