RTTNews | Oct 7, 2021 07:37AM EDT

07:36 Thursday, October 7, 2021 (RTTNews.com) - Cannabis cultivator Tilray, Inc. (TLRY, TLRY.TO) reported Thursday a first-quarter net loss of $34.6 million or $0.08 per share, compared to a net loss of $21.7 million or $0.09 per share in the prior-year quarter.

Net revenue for the quarter increased 43 percent to $168 million from $117 million in the same quarter last year, primarily driven by 38 percent growth in net cannabis revenue to $70 million.

On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.08 per share on net revenues of $172.61 million for the quarter. Analysts' estimates typically exclude special items.

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