Why Tilray is betting on the growing popularity of THC drinks as cannabis sales drop - MarketWatch
1. Tilray's hemp-derived THC drinks expanded to 10 U.S. states, boosting growth potential. 2. Cannabis revenue dropped to $54.3 million, while gross margins improved to 41%. 3. The company posted a widened net loss of $794 million due to various impairments. 4. Tilray's stock fell 7%, contributing to a 59.4% decline this year. 5. Adjusted earnings were better than analyst expectations, showing operational resilience.