Article by Tara Deschamps, CTV News
Tilray Inc. experienced a rocky first quarter as it grappled with losing 10 per cent of its workforce through layoffs and then the restructuring of its operations.
The Nanaimo, B.C.,-based cannabis firm, which reports its earnings in U.S. dollars, said Monday that its net loss for the period ended March 31 amounted to $184.1 million or $1.73 per share.
That compared with a loss of $29.4 million or $0.31 per share in the same quarter last year, but was a 16-per-cent improvement from the $219.1 million or $2.14 per share loss in the fourth quarter.