Tilray reports US$2.9 million loss in Q4

Brendan Kennedy, CEO and founder of British Columbia-based Tilray Inc., a major Canadian marijuana grower, poses before closing Nasdaq, where his company's IPO (TLRY) opened, on July 19, 2018, in New York. THE CANADIAN PRESS/AP, Bebeto Matthews

Brendan Kennedy, CEO and founder of British Columbia-based Tilray Inc., a major Canadian marijuana grower, poses before closing Nasdaq, where his company’s IPO (TLRY) opened, on July 19, 2018, in New York. THE CANADIAN PRESS/AP, Bebeto Matthews

NANAIMO, B.C. – Tilray Inc. incurred a US$2.9-million loss in its latest quarter, just as the company was signing a blockbuster deal to merge with competitor Aphria Inc.

The Nanaimo, B.C.-based cannabis business says that fourth quarter net loss was down “significantly” from the US $219.1 million net loss it reported during the same quarter the year prior.

The loss for the period ended Dec. 31 amounted to 2 cents per share US, which compared with a loss of US $2.14 per share the year before.

Financial markets data firm…

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Brendan Kennedy, CEO and founder of British Columbia-based Tilray Inc., a major Canadian marijuana grower, poses before closing Nasdaq, where his company's IPO (TLRY) opened, on July 19, 2018, in New York. THE CANADIAN PRESS/AP, Bebeto Matthews

Brendan Kennedy, CEO and founder of British Columbia-based Tilray Inc., a major Canadian marijuana grower, poses before closing Nasdaq, where his company’s IPO (TLRY) opened, on July 19, 2018, in New York. THE CANADIAN PRESS/AP, Bebeto Matthews

NANAIMO, B.C. – Tilray Inc. incurred a US$2.9-million loss in its latest quarter, just as the company was signing a blockbuster deal to merge with competitor Aphria Inc.

The Nanaimo, B.C.-based cannabis business says that fourth quarter net loss was down “significantly” from the US $219.1 million net loss it reported during the same quarter the year prior.

The loss for the period ended Dec. 31 amounted to 2 cents per share US, which compared with a loss of US $2.14 per share the year before.

Financial markets data firm…

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