Friday, September 12, 2025
Weed Deep Dive
  • Politics
  • Lifestyle
  • Business
  • Medical
  • Shop
No Result
View All Result
Weed Deep Dive
  • Politics
  • Lifestyle
  • Business
  • Medical
  • Shop
No Result
View All Result
Weed Deep Dive
No Result
View All Result

Tilray lost $1.2 billion last quarter, yet still to buy competitor

Graham Cooper by Graham Cooper
April 12, 2023
in Business, Featured
136
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
Views: 139

The quarter ending in February wasn’t great for Tilray, who blamed higher interest rates and a declining market capitalization for its $1.2 billion loss. A loss was expected, but this is a biggie. Nonetheless, Tilray claims this doesn’t effect their available liquidity and cash flow.

International cannabis products seem to be a driving factor here, which was down 39% year-over-year to $6 million. Along with this, wholesale cannabis products fell from $2.8 million last year at the same time, to just $58,000 this quarter. That’s an extremely sharp plunge.

With these numbers, a public company needs a silver lining, and Tilray gave just that with an announcement that they are going to acquire the Ontario-based company Hexo for $56 million. Hexo has been in the red since 2017, losing $1.5 billion in the convening years.

The merging of large companies in order to wait out the storm continues.

Read the original piece over at MJBizDaily.

Previous Post

NYC Opens New House Of Cannabis Museum In Soho

Next Post

Portland is apparently the best weed city in the US

Graham Cooper

Graham Cooper

Related Posts

California and New York Cannabis Brands Fight For the First MJBowl National Champion Award

California and New York Cannabis Brands Fight For the First MJBowl National Champion Award

by Keegan MacDonald
September 11, 2025
0

The cannabis industry will crown its first national champions this December at the debut of MJBowl, a bi-coastal competition uniting...

The New Prime Minister of Thailand Got Marijuana Decriminalized in 2022, Could Full Legalization be Coming Soon?

The New Prime Minister of Thailand Got Marijuana Decriminalized in 2022, Could Full Legalization be Coming Soon?

by Keegan MacDonald
September 11, 2025
0

Anutin Charnvirakul, a veteran Thai politician long associated with cannabis reform, was officially appointed prime minister Sunday following a royal...

Kellyanne Conway is a big proponent of rescheduling marijuana

Kellyanne Conway is a big proponent of rescheduling marijuana

by Graham Cooper
September 9, 2025
0

Kellyanne Conway has had a rollercoaster ride within the orbit of Donald Trump. When he initially came to power in...

CBD Has Huge Potential in Dermatology, Here’s Some of the Benefits

CBD Has Huge Potential in Dermatology, Here’s Some of the Benefits

by Keegan MacDonald
September 9, 2025
0

A growing body of scientific evidence is pointing to cannabidiol (CBD) as a promising tool in dermatology and cosmetic science,...

Next Post
Portland is apparently the best weed city in the US

Portland is apparently the best weed city in the US

Latest

California and New York Cannabis Brands Fight For the First MJBowl National Champion Award

California and New York Cannabis Brands Fight For the First MJBowl National Champion Award

September 11, 2025
The New Prime Minister of Thailand Got Marijuana Decriminalized in 2022, Could Full Legalization be Coming Soon?

The New Prime Minister of Thailand Got Marijuana Decriminalized in 2022, Could Full Legalization be Coming Soon?

September 11, 2025
Kellyanne Conway is a big proponent of rescheduling marijuana

Kellyanne Conway is a big proponent of rescheduling marijuana

September 9, 2025
ADVERTISEMENT
Sign up for the WDD Newsletter

Categories

  • Business
  • Featured
  • Lifestyle
  • Medical
  • Politics
  • Uncategorized

Recent Posts

  • California and New York Cannabis Brands Fight For the First MJBowl National Champion Award
  • The New Prime Minister of Thailand Got Marijuana Decriminalized in 2022, Could Full Legalization be Coming Soon?

Browse by Tag

cannabis covid marijuana ban ncaa

AFFILIATES

© Weed Deep DIve. All rights reserved.

No Result
View All Result
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© Weed Deep DIve. All rights reserved.