{"id":392101,"date":"2022-01-10T19:49:00","date_gmt":"2022-01-10T16:49:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tilray-posts-narrower-loss-as-revenue-rises\/"},"modified":"2022-01-10T19:49:00","modified_gmt":"2022-01-10T16:49:00","slug":"tilray-posts-narrower-loss-as-revenue-rises","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tilray-posts-narrower-loss-as-revenue-rises\/","title":{"rendered":"#: Tilray posts narrower loss as revenue rises"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2e0b5fcde92\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2e0b5fcde92\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/tilray-posts-narrower-loss-as-revenue-rises\/#Tilray_shares_rally_after_latest_results_as_cannabis_company_posts_a_slight_loss\" >Tilray shares rally after latest results as cannabis company posts a slight loss.<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/tilray-posts-narrower-loss-as-revenue-rises\/#Steve_Gelsi\" >Steve Gelsi<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#: Tilray posts narrower loss as revenue rises<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Tilray_shares_rally_after_latest_results_as_cannabis_company_posts_a_slight_loss\"><\/span>\n  Tilray shares rally after latest results as cannabis company posts a slight loss.<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\" role=\"region\" aria-label=\"article body\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000544451\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000544451\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Tilray Inc. shares on Monday gained back some of their losses in recent weeks after the Canadian cannabis producer posted a narrow loss and played up its prospects for European and beverage expansion.<\/p>\n<p> Tilray CEO Irwin Simon told MarketWatch the company would consider acquisitions of companies that will add to earnings, but not businesses that are burning cash.<\/p>\n<div class=\"paywall\">\n       Simon told MarketWatch that acquisitions could help Tilray achieve its target of 20% to 30% market share in Canada.<\/p>\n<p>\u201cThere\u2019s got to be consolidation in the Canadian market because there are just too many LPs,\u201d he said. \u201cThe question is whether an acquisition that would be synergistic?\u201d <\/p>\n<p>Simon said he\u2019d rather issue equity to buy an accretive company, rather than issuing fresh debt.   \u201cI\u2019m not a big proponent of debt\u2026partly because I\u2019m conservative and interest rates could go up,\u201d he said. \u201cDebt has to be paid back.\u201d <\/p>\n<p>Turning to the company\u2019s second-quarter results, Tilray<br \/>\n        TLRY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209129655\/composite\" class=\"positive\">+14.50%<\/bg-quote><\/p>\n<p>        TLRY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/226578748\/delayed\" class=\"positive\">+14.88%<\/bg-quote><br \/>\n       said it lost $201,000 or zero cents a share, compared to a loss of $99.9 million, or 41 cents a share, in the year-ago period. <\/p>\n<p>Revenue increased to $155.15 million from $129.46 million. <\/p>\n<p>Analysts expected Tilray to lose 9 cents a share on revenue of $170.5 million, according to a survey by FactSet. <\/p>\n<p>Shares rose 3.6% to $7.28 on Monday, despite losses in the broad equities market.  Prior to the gains, the stock had lost about 9% thus far in 2022 and it fell 43% in the past 12 months. <\/p>\n<p>The cannabis company is also changing its name to Tilray Brands Inc. as it diversifies into beverage and other consumer packaged goods. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>On a conference call with analysts, Tilray said it would benefit from potential legalization of adult use cannabis in Germany. It\u2019s also seeing growth from its beverage brands such as Sweetwater Brewing.<\/p>\n<p>But the company said it\u2019s still facing challenges of oversupply in the Canadian market as well as the impact of the Omicron variant. <\/p>\n<p>In another plus, Tilray said its cost savings from its acquisition of Aphria will be $20 million more than expected, or a total of $100 million. It reached $70 million in cost savings to date, the company said, and is on track to achieve its original cost reduction plan of $80 million ahead of schedule. It will generate the additional $20 million of synergies in fiscal 2023.<\/p>\n<p>Tilray CEO Simon said the company maintained its No. 1 market share position in Canada despite \u201cmarket saturation\u201d and related competitive challenges, according to a prepared statement. <\/p>\n<p>\u201cIn Germany \u2014 Europe\u2019s largest and most profitable medical cannabis market \u2014 our nearly 20% share leads the market,\u201d he said.  \u201cWe believe this, coupled with our infrastructure, will also allow us to capture the adult-use market as legalization accelerates under the new coalition government.\u201d<\/p>\n<p>In the U.S., its alcoholic beverages brands SweetWater Brewing and Manitoba Harvest generate earnings and continue to invest in products and acquisitions, he said. <\/p>\n<p>\u201cThese profitable businesses further provide an opportunity to launch THC-based products upon federal legalization in the U.S.,\u201d Simon said.<\/p>\n<p>On the company\u2019s quarterly conference call, Simon said he doesn\u2019t expect U.S. legalization this year or even next year, but meanwhile, the company is growing its footprint in the country through the sale of  beverages. <\/p>\n<p>During the quarter, the company expanded its spirits portfolio through the acquisition of Breckenridge Distillery. If cannabis become federally legal in the U.S., Tilray would weave in THC with alcohol into these products. <\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Steve Gelsi\",\"subhead\":\"The Wall Street Journal\",\"list\":[,{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/SteveGelsi\",\"text\":\"@SteveGelsi\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Steve_Gelsi\"><\/span>Steve Gelsi<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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Tilray Inc. shares on Monday gained back some of their losses in recent weeks after the Canadian cannabis producer posted a narrow loss and played up its prospects for European and beverage expansion. Tilray&#8230;<\/p>\n","protected":false},"author":1,"featured_media":392102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-464751\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-392101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/392101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=392101"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/392101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/392102"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=392101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=392101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=392101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}