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Why Tilray Shares Dropped 10.1% on Thursday

Tilray (NASDAQ: TLRY), a Canadian cannabis company, saw its shares drop 10.1% on Thursday. Investors likely took profits after Tilray got a bump on Wednesday following its third-quarter earnings report, which contained mostly good news. More importantly, Tilray reported net income of $52.5 million compared to a loss of $273.52 million in the same period last year, with earnings per share (EPS) of $0.09 compared to a loss of $1.03 per share.

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