Tilray down 10% as market conditions continue to pressure the cannabis trade (NASDAQ: TLRY)

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Tilray (NASDAQ: TLRY) T2 results:

Revenue: $ 50.4M (+ 9.8%), Cannabis: $ 30.2M (+ 16.2%); Adult use: $ 17.6 million (+ 17.3%); Hemp: $ 20.2 million (+ 1.5%).

Equivalent kg of cannabis sold: 11,430 (+ 104.5%).

Average net selling price of cannabis per gram: $ 2.64 (-42.7%).

Average net cost of cannabis per gram: $ 2.06 (-46.6%).

Net loss: ($ 81.7 M) (-125.1%).

Cash and cash equivalents at the end of the quarter: $ 137.2 million (+ 41.7% sequentially).

Non-GAAP EBITDA loss: ($ 12.3 million) (+ 31.7%).

The Q3 consensus is a loss / share of ($ 0.37) on sales of $ 60.0 million.

Declining shares dix% after hours.

Tilray EPS misses $ 0.39, lacks revenue, stocks drop 4%



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