Canopy Growth (CGC) Reports Q3 Loss of Cdn$0.38

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Go back to Canopy Growth (CGC) Reports Q3 Loss of Cdn$0.38

Canopy Growth Corporation Reports Third Quarter Fiscal 2019 Financial Results: Gross Sales of $98M; Net Revenue hits record $83M

February 14, 2019 10:34 PM EST

Cannabis shipments totaled 10,102 kilograms and kilogram equivalents. Net income of $74.9 million, including changes in fair values of financial liabilities included in Other Income. Closed the previously announced $5 billion investment by Constellation Brands Inc and began putting that capital to work for shareholders with key acquisitions of Storz & Bickel and the assets of ebbu Inc. Expanded to new markets including United Kingdom and Peru, and announced intention to establish operations in New York State, marking the Company's entry into the US hemp market. Intellectual... More