It also prided itself in posting a positive adjusted EBITDA number for the sixth period in a row when it released its first-quarter results on Oct. 15, for the period ended Aug. 31. That streak could be at risk with this merger as Tilray recently posted an adjusted EBITDA loss of $1.5 million for the third quarter ended Sept. 30. The company did state its focus remained on reaching positive adjusted EBITDA by the fourth quarter.