Tilray stock is resurging at present. It’s a needed recovery from a month that saw these shares lose over 25%. Tilray (NASDAQ:TLRY) is one of the largest cannabis producers by market cap, but despite roaring sales, it is struggling to turn a profit.
Tilray StockThe company released its Q1 report in mid-May. And thanks to the legalization of adult-use marijuana in Canada, the company’s revenue surged 195% to $23 million y-o-y.
Further important measures to its success included the acquisition of hemp-based food producer Manitoba Harvest, along with the continuous growth of the ...
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