As we strengthen our sales profile and work to capture a sizable share of the global cannabis market, we will manage our production costs in an effort to grow gross margin sequentially and generate positive adjusted EBITDA.To conclude, with our focus on managing costs, strengthening our balance sheet, driving growth in our key channels and markets and delivering shareholder value, we are positioning Tilray to be a leaner and more efficient leader in the cannabis and hemp food categories. Net income for the second quarter was $1.1 billion, or $0.28Moderna Inc  (NASDAQ: MRNA) Moderna Vaccine Against COVID-19 Phase 1 Interim Results Publication Call TranscriptBank of New York Mellon Corp. (BK) Q2 2020 Earnings Call TranscriptUnited Rentals Inc. (URI) Q2 2020 Earnings Call Transcript We feel that we’re ready to address the federal CBD market once further clarity is provided by the FDA. So just to summarize, probably some portion of the growth came from Costco, but you haven’t seen a material change in consumer demand patterns over the last three months or so?Thank you. First question is, just wanted a bit more color on the flower segment just what’s driving the growth in the quarter? Thank you very much. I mentioned them at the beginning of the call, mostly around adult use distribution in Canada and really that was mostly in March where some of our shipments, some of our deliveries were delayed by a few days here and there. Generally, we expect our average selling price to increase over time, as we increase our sales of international medical cannabis and continue to introduce new form factors in the Canadian adult-use market.Moving on to operational metrics related to cannabis. But we are seeing growth across the spectrum in the flower product.And that goes for I think our medical also. First question I had was just in terms of ASP for adult-use market in Canada, you might see a uptick sequentially. Can you just talk how to kind of look at that line item in the next couple of quarters as we do start to see more of novel form factors increase in terms of mix of their sales there and just your expectation there? This marked our highest quarterly revenue on record and consisted of sequential quarterly growth across all of our core businesses, global medical, Canada adult-use and hemp products.Within global medical, its revenue in aggregate grew 105%, Canada medical grew 35% and international medical grew 221% and Canada adult-use grew 165%. I appreciate the color there. Is that what you’re seeing kind of on the shipment side of things or provinces, kind of, are in lockstep with where they were in the quarter, kind of matching that consumption? Neither the information nor any opinion expressed in this transcript constitutes a solicitation of the purchase or sale of securities or commodities. But it’s really difficult to know today when that opportunity will become a reality in the U.S. Copyright © 2020 | MH Magazine WordPress Theme by We are also looking at all of our capex. And as the legal cannabis sales grow in the countries where it is already allowed, it will further the case for legalization around the world, first for medical cannabis followed by adult-use.We’ve already done much of the heavy-lifting by strategically investing in key markets across the global footprint to secure raw material supply, advance research and development and build brands and relationships with patients and consumers. We were also successful in strengthening our balance sheet with the closing of the $60 million debt facility and an $85.3 million net equity offering. Our next question comes from Rupesh Parikh from Oppenheimer.

Can you help us understand that?Yeah. I think we’re seeing this apparent continued shift to value larger pack sizes. It seems Tilray First Quarter 2020 Earnings Conference Call. Do you still see an ability to continue reducing the G&A line, I guess for the balance of the year? Dave & Buster's Entertainment Inc. (NASDAQ: PLAY) slipped to a loss in the first quarter of 2020 from a profit last … Just some color around that. I hope everyone is healthy and safe. This decline could be attributed to the Cannabis company HEXO Corp (TSX:HEXO) (NYSE:HEXO) has been in some difficulty over the past months, but things seemed to have turned around a bit over the past few weeks. We will introduce our supply of GMP product from Portugal into the existing and new international medical market.

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