(Reuters) - Canada’s Tilray Inc (TLRY.O) posted a bigger quarterly loss on Tuesday as the weed industry struggles with oversupply issues in its home country, leading to price cuts.
The Nanaimo, British Columbia-based company’s net loss widened to $35.7 million, or 36 cents per share, in the third quarter ended Sept. 30, from $18.7 million, or 20 cents per share, a year earlier.
Revenue jumped five times to $51.1 million.
Reporting by Shariq Khan in Bengaluru; Editing by Arun Koyyur
