Hydropothecary Posts Q4 and Fiscal Year Results

Cannabis Investing News

The Hydropothecary Corporation released its financial results for their fourth quarter and fiscal year, which ended on July 31.

The Hydropothecary Corporation (TSXV:THCX) released its financial results for their fourth quarter and fiscal year, which ended on July 31.
As quoted in the press release:

“As Hydropothecary enters the next stage of its journey working towards becoming a great cannabis brand, we want our shareholders to know that we will remain focused on execution, quality and cost control. Moving forward, I also want to underscore our commitment to safe, responsible cannabis use. At Hydropothecary, we are conscious that with great opportunity also comes great responsibility,” said Sebastien St-Louis, CEO.

The Company is pleased to report revenue of $4.1M for the fiscal year ended July 31, 2017 compared with $1.9M for the fiscal year ended July 31, 2016. The Company reported a decrease in revenue from $1.2M for the third quarter of fiscal 2017 to $862K for the fourth quarter of fiscal 2017 as the result of a 14 day stop sale.

Click here to read the full press release.

Source: www.marketwired.com

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