3 Glaring Problems in Tilray's Q3 Results
If there was a Biggest Loser TV show featuring marijuana stocks, Tilray (NASDAQ: TLRY) would be in the running to win the prize based on its year-to-date stock performance. Tilray's shares have plunged nearly 70% so far in 2019.
Tilray announced its third-quarter results after the market closed on Tuesday. There were some things for investors to like with the Canadian cannabis producer's Q3 update. The company reported Q3 revenue of $51.1 million, up nearly 409% year over year and an increase of more than 11% over its second-quarter total. This figure also topped the average analysts' Q3 revenue estimate of $49.4 million.
However, there were also three glaring problems.
Source Fool.com
