📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

Canadian weed producer Canopy Growth posts 123 pct jump in 3rd-qtr revenue

Published 2018-02-14, 07:22 a/m
© Reuters.  Canadian weed producer Canopy Growth posts 123 pct jump in 3rd-qtr revenue
WEED
-

By Nichola Saminather

TORONTO, Feb 13 (Reuters) - Canada's biggest marijuana producer Canopy Growth WEED.TO said on Wednesday its third-quarter revenue jumped 123 percent to C$21.7 million in the three months ended Dec. 30.

The Smiths Falls, Ontario-based company reported net profit shrank to C$11 million, or C$0.01 per share in the three months ended Dec. 30, compared with C$3 million, or C$0.02 a share, a year earlier. The average analyst forecast was for a loss of $7.1 million, or C$0.05 a share.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.