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Tuesday, 05/11/2021 1:16:14 PM

Tuesday, May 11, 2021 1:16:14 PM

Post# of 3371
Compared to Tilray they are not that bad lol! Their price is much more reasonable.

https://www.bnnbloomberg.ca/cannabis-canada-weekly-canadians-doubled-pot-purchases-to-2-6b-in-lockdown-filled-2020-1.1566114

TIlray posts first adjusted profitable quarter as Aphria deal set to close in Q2
Tilray Inc. reported its first profitable quarter - on an adjusted basis - while affirming the company's upcoming merger with Aphria Inc. will close in the second quarter of the year. Tilray said it generated US$50.7 million in net revenue in its fourth quarter and US$2.2 million in positive adjusted EBITDA. Tilray still reported a US$3-million net loss in the quarter. Tilray's revenue gains were largely due to improved sales in its Canadian recreational and international medical cannabis business. The company said it cut US$57 million in costs over the past year to help it become profitable ahead of the Aphria deal, which is expected to yield another US$100 million in "efficiencies."

Anything I post is my opinion only and subject to change on a whimsy

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