Tilray, Inc reported third-quarter earnings per share of $0.09 compared to ($1.03) the prior year, according to a press release by Tilray on Wednesday.
- Tilray’s revenue for the quarter stood at $151.9 million compared to $123.9 million posted last year. The increase in revenue was attributable to a 32% growth in cannabis revenue to $55 million.
- Gross profit rose 31% to $40 million from $30 million in the prior-year quarter. Gross margin edged up slightly to 26% from 25% the prior-year quarter.
- Tilray reported massive growth in international cannabis, with revenue surging more than 4,000% in the prior-year quarter and a 37% increase in revenue in EMEA compared to the prior quarter.
The company maintained the number one leadership position in Canada with 10.2% of the cannabis market share, driven by a portfolio of adult-use brands and growth in pre-roll and vape product categories. TLRY: NASDAQ is up +4.98%