Tilray Brands reports net loss of US$65.8 million in most recent quarter

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LEAMINGTON, Ont. — Tilray Brands Inc. posted a net loss in its latest quarter, amid market disruption and macroeconomic challenges. The cannabis company reported a net loss of US$65.8 million in its first quarter, compared with a net loss of US$34.6 million in the same period last year. Tilray says its basic and diluted net loss amounted to 13 cents per share, compared with a net loss of eight cents per share in the year prior. Revenue for the three months ended Aug. 31 was US$153.2 million, com