Why Tilray Shares Are Falling Today

Shares of Tilray (NASDAQ: TLRY) had fallen 11.5% as of 11:03 a.m. EST on Tuesday. The drop resulted from the Canadian cannabis producer's disappointing fourth-quarter update after the market closed on Monday.

Tilray announced Q4 revenue of $23 million, down 8% from the previous quarter. It also reported a big net loss in Q4 of $219.1 million, or $2.14 per share. This loss was significantly worse than the company's net loss in the third quarter of 2019.

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Source Fool.com