Tilray expected to grow sales sequentially but remain in the red

Tilray expected to grow sales sequentially but remain in the red

Tilray Inc. will likely grow its sales over the previous quarter but it’s expected to post a net loss when it becomes the first major cannabis company to post quarterly results in 2022 on Monday.

Tilray TLRY CA:TLRY is expected to post a second-quarter loss of 8 cents a share, flat with the loss of 8 cents a share posted in the previous quarter, according to an analyst survey by FactSet.

Tilray’s results will be followed by updates in coming weeks from other Canadian companies such as Canopy Growth Corp. CGC, -1.67%, Cronos Group CRON, -0.13% and Aurora Cannabis ACB, +0.43% ACB, 0.00 ; as well as U.S. companies such as Curaleaf CURLF, +1.90% CURA, +1.50%, Trulieve Cannabis Corp. TCNNF, +1.39% and Green Thumb Industries GTBIF, -0.89%

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