Tilray Brands Inc. TLRY, +6.22% shares fell 1.5% in premarket trade Thursday after the cannabis company said it swung to a loss of $457.8 million in the fourth quarter, or 90 cents per share, on net income of $33.6 million, or 38 cents. a share, in the quarter of a year ago. The latest quarter’s loss includes a $395 million non-cash impairment primarily affecting inventory, goodwill and other intangible assets, related to “changes in market opportunities that cause a shift in our priorities strategic” as well as higher rates of indebtedness and lower foreign assets. exchange rate. Tilray’s revenue rose to $153.33 million from $142.24 million. Wall Street analysts had expected Tilray to lose 8 cents a share on revenue of $151.3 million.