TLRY Stock investors are having a good day as Tilray Inc (NASDAQ:TLRY) stock is in the green while the entire cannabis sector is in deep red. Investors are reacting positively following the company’s solid revenue growth in the first quarter.
Strong Revenue Boosts TLRY Investor ConfidenceThe gain in the TLRY stock is attributed to the Q1 results. The company posted $23 million US in revenue, which is an almost 200% increase from Q1 2018, easily beating analyst estimates of around $21.4 million US. However, Tilray’s revenue also comprised of excise taxes which when adjusted will ...
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