NEW YORK, March 4, 2020 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Tilray, Inc. ("Tilray" or the "Company") (NASDAQ: TLRY). Investors who purchased Tilray securities may be affected.
On March 2, 2020, after the market closed, Tilray reported its fourth quarter and full fiscal year 2019 financial results, which reportedly fell significantly short of analyst estimates. Tilray's results included a net loss of $321.2 million for 2019 (compared to a net loss of $67.7 million in 2018), a $112.1 million impairment charge related to an agreement with Authentic Brands Group LLC and a $68.6 million inventory write-down.
Following these disclosures, Tilray's shares fell about $2.33 per share, more than 15%, to close at $13.02 per share on March 3, 2020.
If you purchased Tilray securities and would like to discuss our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling 800-290-1952.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. If you have any questions about this investigation, your rights, or your interests, please contact:
Donald R. Hall
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: dhall@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4700
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
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SOURCE Kaplan Fox & Kilsheimer LLP