Tilray Brands Inc. reported a second-quarter net loss of US$61.6 million in its most recent quarter as it temporarily slowed cannabis production because of the 'longer-than-anticipated march toward legalization' in some markets.
Tilray Brands Inc. reported a second-quarter net loss
"However, as long as cannabis remains federally illegal in the U.S. we will not engage directly in business that touch the cannabis plant to fully optimize the value and strength of our U.S. business." "I'm frustrated that legalization, whether it's Safe Bank, whether it's MORE Act, whether it's descheduling, nothing has happened within cannabis," said Simon.
Simon's remarks came as he announced Tilray's US$61.6 million second quarter net loss, which compared with net income of nearly US$5.8 million in the same quarter a year earlier.
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