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Tilray posts 43 per cent rise in quarterly revenue on strong cannabis demand

Canadian pot producer Tilray Inc. on Thursday reported a 43 per cent rise in first-quarter revenue, driven by strong demand for cannabis after coronavirus-led lockdowns.

The world’s largest cannabis producer by sales reported its revenue rose to $168 million in the quarter ended Aug. 31 from $117.49 million a year earlier. Net cannabis revenue jumped 38 per cent.

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