Canopy Growth (CGC) Reports Q3 Loss of Cdn$0.35, Revenues Rise 62%

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Go back to Canopy Growth (CGC) Reports Q3 Loss of Cdn$0.35, Revenues Rise 62%

Canopy Growth Reports Third Quarter Fiscal 2020 Financial Results

February 14, 2020 6:00 AM EST

Generated $124 million Net Revenue, up from $76 million in Q2 2020Excluding portfolio restructuring charges in Q2 2020, Net Revenue up 13%Achieved Gross Margin of 34%Total Operating Expenses down 14% versus the prior quarterAdjusted EBITDA loss decreases to $92 million

SMITHS FALLS, ON, Feb. 14, 2020 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NYSE: CGC) today announced its financial results for the third quarter ended December 31, 2019.  All financial information in this press release is reported in millions of Canadian dollars, unless otherwise indicated.

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