BUZZ-Tilray Brands falls as Q2 loss widens
ReutersJan 10, 2025 1:20 PM
** 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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