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CannaNews from
Cannabis and Hemp Insider

Tilray, Inc. Reports Profitable Second Quarter Fiscal Year 2022 Financial Results


New Parent Company Name, TILRAY BRANDS, Reflects Growing Portfolio of Leading, Global CPG Brands

  • Net Revenue Increased ~20% to $155 Million from the Prior Year Quarter

  • Net Income Improved $95 Million to $6 Million from the Prior Year Quarter

  • Adjusted EBITDA of $13.8 Million, 11th Consecutive Quarter of Positive Adjusted EBITDA

  • Achieved $70 Million in Cost Synergies To Date; On-Track to Exceed Original Plan of $80 Million Ahead of Schedule and to Generate Additional $20 Million of Synergies in Fiscal 2023

  • Leading Medical Cannabis Company in Europe with ~20% Market Share in Germany...

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