Cannabis firm Tilray sees growth slowing – AGCanada

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Reuters — Pot producer Tilray Inc. reported a wider-than-expected quarterly loss on Tuesday, as it ramped up investments to boost production and warned of muted growth in the Canadian recreational marijuana market for the second half of the year.

Shares of the Nanaimo, B.C.-based company fell eight per cent after hours.

Canada in October became the first G7 industrialized country to legalize recreational marijuana, but sales have been dampened by supply constraints and prices that are…

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