Analysts expect Tilray to report revenue of $14.14 million and a loss of 14 cents per share. In the previous quarter, the reported revenue of $10.05 million and loss of 20 cents.
But that is only the beginning.
Tilray is expected to more than double revenue in the first quarter 2019 from the fourth quarter 2018. For fiscal 2019, Tilray is expected to increase revenue 350% from fiscal 2018.
Tesla Loses Key Shareholder as Panasonic Sells Stake for $3.6B
Tesla loses electronics giant Panasonic, one of its key battery-making partners, as a key shareholder.
That expected increase in revenue is tied to its purchase of fellow Canadian cannabis producer Natura Naturals for $26.3 million in late 2018. Tilray purchased Manitoba Harvest for $317 million in February, but the benefits from that purchase aren't expected to be reflected in Tilray's operations until it reports its first-quarter numbers.
Other cannabis producers are also gaining Monday.
Will You Have Enough Money Retire?
Want to learn about retirement planning from some of the nation's top experts? Join TheStreet's Robert "Mr. Retirement" Powell live in New York on April 6 for our Retirement Strategies Symposium. For a limited time, tickets are available for $99 for this full-day event. Check out the agenda, learn about the speakers and sign up here.