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."
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