Tilray Bev Down Again in Q3 as Project 420 Wraps; Sees “Light at the End”

Dear Client: Tilray chief Irwin Simon nodded to the calendar on this morning’s third quarter earnings call, saying “it’s April Fools," but "our numbers are not an April Fools joke… [we have] some real strong numbers out there.” And to his point, the overall company did post “record” Q3 net revenue (at $206.7 million) and gross profit (at $55 million). But as has been the case, that strength did not extend to its beverage business, which they say is still