• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Cannabis Market
    Cannabis News
    Cannabis Stocks
    • Cannabis Market
    • Cannabis News
    • Cannabis Stocks
    cannabis investing

    Canopy Releases Q3 Financial Report

    Bryan Mc Govern
    Feb. 14, 2018 09:54AM PST
    Cannabis Investing News

    Canopy Growth released their third quarter financial report indicating a revenue increase to $21.7 million.

    Canopy Growth (TSX:WEED) released their third quarter financial report indicating a revenue increase to $21.7 million.

    As quoted in the press release:

    Third Quarter Fiscal 2018 Revenue Review

    Revenue for the third quarter fiscal 2018 was a record $21.7 million, representing an increase of 123% over the prior year’s quarter in which revenue was $9.8 million.  In the three months ended December 31, 2017 and 2016, oils, including the Company’s Softgel capsules, accounted for 23% and 13%, respectively, of the product revenue for each period.

    Revenue in the nine months ended December 31, 2017 totaled $55.1 million more than double as compared to $25.2 million in the same period last year.  Revenues in the nine months ended December 31, 2017 already equal 138% of revenue generated in the twelve months ended March 31, 2017.

    Third Quarter Fiscal 2018 Product Sales Review

    During the third quarter of fiscal 2018, Canopy Growth sold 2,330 kilograms and kilogram equivalents at an average price of $8.30 per gram, up from 1,245 kilograms and kilogram equivalents at an average price of $7.36 per gram during the prior year period. The higher average price was due to primarily to the improved mix of oil products, including oil-based Softgel capsules and higher selling price of medical cannabis sold in Germany by wholly-owned subsidiary Spektrum Cannabis GmbH (“Spektrum Cannabis”).

    Click here to read the full press release.

    Source: www.newswire.ca

    cannabis investingfinancial reportgermanytsx weed
    The Conversation (0)

    Go Deeper

    AI Powered
    Cannabis leaves, gavel.

    Cannabis Round-Up: Rescheduling Faces New Roadblocks, SAFER Banking Act Gets Another Look

    Canopy Growth Reports Second Quarter Fiscal 2021 Financial Results

    Canopy Growth Reports Second Quarter Fiscal 2021 Financial Results

    Latest News

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Cannabis Investing News Stocks

    extractX

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×