‘Tilray Should Be A Long-Term Holding In Any Global Portfolio Of Cannabis Stocks,’ Says Analyst
Canadian cannabis giant Tilray Brands (NASDAQ:TLRY) reported its financial results Monday for the fourth quarter revealing revenue of $229.882 million, up by 25% year-over-year.
The company’s results came in above the consensus estimate of $227.07 million, according to data from Benzinga Pro. Net loss narrowed to $15.4 million in the fourth quarter compared to net loss of $119.8 million in the prior-year quarter. For the full fiscal year 2023, Tilray disclosed a net loss of $222.4 million, compared to a net loss of $1.4 billion.
Pablo Zuanic, senior analyst …