Hydropothecary Posts Q4 and Fiscal Year Results

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.

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