Tilray reported a 20% increase in second-quarter sales on Monday, owing to increased demand for cannabis and associated goods in Canada.

Pandemic-related lockdowns have boosted demand for cannabis-related items among homebound customers, while new marijuana-friendly legal developments, including access to federal banking, have boosted investor confidence.

Tilray & Aphria Announce Closing of Transaction That Creates the “New”  Tilray – a Global Cannabis Leader | Business Wire

Revenue increased to $155 million in the quarter ended Nov. 30 from $129 million a year earlier, according to the world's largest cannabis producer by sales.

The corporation made a $6 million profit in the third quarter, compared to an $89 million deficit the year before.