BUZZ-Tilray Brands falls as Q2 loss widens

Reuters

01-10

BUZZ-Tilray Brands falls as Q2 loss widens

** U.S.-listed shares of cannabis firm Tilray Brands TLRY.O down 8.8% at $1.25 premarket

** Co posts Q2 net loss of $85.3 mln vs year-ago net loss of $46.2 mln

** Reports Q2 cannabis net revenue of $66 mln compared with $67 mln in the prior year

** TLRY's Q2 revenue rose 8.8% to $211 mln compared with year-ago figures

** Co also announces Project 420, a $25 mln plan for its beverage business

** Stock was down 34% in 2024

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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