Tilray (NASDAQ: TLRY) has given investors plenty to cheer about so far this year. Its share price has more than quadrupled partly due to excitement about the pending merger with Aphria (NASDAQ: APHA) . However, Tilray's business performance hasn't been so great in recent quarters. Until now.
The Canadian cannabis producer announced its fourth-quarter results following the market close on Wednesday. The marijuana stock soared 9% in after-hours trading. Here are three reasons to applaud Tilray after its Q4 update.
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3 Reasons to Give a Big Hooray for Tilray After Its Q4 Update