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Canopy Growth, Tilray, Curaleaf, jockeying to dominate US cannabis

The prospect of cannabis legalization in the US is giving the industry a boost, and could fuel a wave of deals. ....

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Tilray Will Be the Largest Cannabis Company Once It Merges With Aphria

Tilray (NASDAQ:TLRY) just reported its Q4 and full-year 2020 earnings on Feb. 17. The most important news was that the company finally was able to achieve EBITDA (earnings before interest, taxes, depreciation,and amortization) profitability. This news, along with the upcoming merger with Aphria (NASDAQ:APHA), could push TLRY stock up over the next year. Source: Jarretera / Shutterstock.com Tilray reported that it achieved its stated goal of becoming breakeven or positive EBITDA. It made $2.2 million in adjusted EBITDA during Q2. This is compared to negative $35.3 million in adjusted EBITDA last year. The company did this by both raising revenue by 26% over last year and by cutting costs by $57 million over that period. Tilray said it now operates with a “more focused, efficient and competitive cost structure.”InvestorPlace - Stock Market News, Stock Advice & Trading Tips It did not produce a cash flow statement in its press release. That will come out with the 10-Q i ....

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Tilray beats expectations as fourth-quarter loss narrows

Tilray Inc. incurred a US$2.9-million loss in its latest quarter, just as the company was signing a blockbuster deal to merge with competitor Aphria Inc. ....

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Aurora Cannabis received $23.7-million in federal wage-support funding last year while laying off hundreds

Aurora Cannabis received $23.7-million in federal wage-support funding last year while laying off hundreds
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Jeff McIntosh/The Globe and Mail
Cannabis giant Aurora Cannabis Inc. will receive $23.7-million from the Canada Emergency Wage Subsidy program for 2020, despite laying off almost a third of its workforce in three rounds of downsizing that started last June.
The Edmonton-based cannabis company disclosed in its quarterly earnings Thursday that it had been approved to collect $23.7-million from the federal grant program for the six months ....

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World shares mostly gain after Biden speaks with China's Xi

Shares fell in Tokyo and Sydney on Friday after stocks closed nearly flat on Wall Street,. ....

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