Bloomberg
Tilray Surges as Cannabis Poised to Benefit After Lockdown
(Bloomberg) — Tilray Inc. shares surged the most in more than five months as investors rewarded the cannabis company for profiting even amid challenges due to Canada’s Covid-19 restrictions.Net income was $33.6 million for the fiscal fourth quarter ended May 31, compared with a loss of $84.3 million in the year-earlier period, while earnings before interest, taxes, depreciation and amortization almost quadrupled to $12.3 million, the Leamington, Ontario-based company said in a statement Wednesd