earnings Archives

Debra BorchardtAugust 15, 2019

Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) stock dropped over 10% after the company announced its financial results for the first quarter ending June 30, 2019. The worst of the news in the release was that the company’s fiscal first-quarter net losses of C$1.28 billion, or C$3.70 a share, dwarfed last year’s losses of C$91 million, or […]

Debra BorchardtAugust 14, 2019

Zenabis Global Inc. (TSX:ZENA) (OTC: ZBISF) reported that its second-quarter net revenue rose 78% to $25 million from last year’s $4.1 million for the period ending June 30, 2019. The company said that the results were achieved “despite being negatively impacted by temporary price reductions on inventory sold to provincial counterparties designed to help Zenabis […]

Debra BorchardtAugust 14, 2019

Charlotte’s Web Holdings, Inc. (TSX: CWEB)(OTCQX: CWBHF), a producer of whole-plant CBD hemp extract products, reported its financial results for the second quarter ending June 30, 2019. The company’s revenue grew 45% to $25 million over last year’s $17.2 million for the same time period. The net income fell to $2.2 million from last year’s $3.7 […]

Debra BorchardtAugust 13, 2019

Tilray, Inc. (Nasdaq: TLRY) reported financial results for the second quarter ending June 30, 2019 revenue increased 371.1% to $45.9 (C$60.9) million, compared to the second quarter of last year, driven by the Manitoba Harvest acquisition, the legalization of the Canadian adult-use market, and growth in international medical markets, particularly in Europe. Excluding excise tax, […]

StaffAugust 13, 2019

The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) announced it expects revenue to increase 449% to $19 million for the fiscal fourth quarter ending June 30, 2019. The revenue is expected to increase by 97% sequentially over the third quarter of 2019. The company said it also anticipates reporting positive adjusted EBITDA on a […]

Debra BorchardtAugust 8, 2019

Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) reported financial results in Canadian dollars for the second quarter and first-half ending June 30, 2019, with net revenue climbing 202% to $10.2 million over last year’s $3.4 million. The revenue increased 58% sequentially from $6.5 million in the first quarter of 2019. The company attributed the increase […]

Debra BorchardtAugust 7, 2019

Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) reported financial results for its second quarter ending June 30, 2019, with revenue increasing 102% to $19.3 million and 50% sequentially. The net losses grew to $33.7 million versus $4.2 million for the same time period in the previous year. The company blamed the losses on the “recognition […]

Debra BorchardtAugust 6, 2019

British biotech firm GW Pharmaceuticals pls (NASDAQ: GWPH) second-quarter net sales of $68.4 million of the company’s cannabis-related drug Epidiolex, which is prescribed for children with rare epilepsy diseases. For the first half of 2019, GW Pharmaceuticals has sold $109 million of the drug. The good news sent the stock higher by over 10% in […]

Debra BorchardtAugust 6, 2019

Australian-based Zynerba Pharmaceuticals Inc. (ZYNE) delivered second-quarter results and updates on the company’s drugs including its CBD (cannabidiol) gel. The general and administrative expenses for Zynerba during the second quarter of 2019 were $3.3 million, including stock-based compensation expense of $0.8 million. The net loss for the second quarter of 2019 was $11.1 million with […]

Debra BorchardtAugust 6, 2019

Aurora Cannabis Inc. (NYSE | TSX: ACB) gave an update on selected financial metrics for the fourth quarter of the company’s fiscal 2019 period ending June 30, 2019. While the information is selectively limited, Aurora said it feels it is being transparent by releasing the data and that the full results will be published prior […]

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Tag: earnings

Canopy Growth Stock Falls On Earnings News

Zenabis Global Misses Projections Amid Price Cuts

Charlotte’s Web Net Income Drops As Expenses Rise For Expansion

Tilray’s Stock Falls As Revenue Grows, But So Do Losses

Supreme Delivers Solid Fourth Quarter Earnings News

Cronos Groups Dips On Earnings Over Disappointing Kilograms Sold.

Columbia Care Revenue Increases 102%, Net Losses Grow As Well

Strong Epidiolex Sales Boost GW Pharmaceutical’s Stock

Zynerba Receives Patent For Treating Autism With Synthetic CBD

Aurora Gives Revenue Update For Fourth Quarter, Fiscal Year

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Lykos Therapeutics Secures $100M in Series A Funding, Rebrands from MAPS PBC

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