earnings Archives

Debra BorchardtNovember 14, 2018

Canopy Growth (CGC) stock fell over 8% to trade at roughly $35.25 in early trading after the Canadian cannabis company missed analysts estimates. Canopy Growth reported that its second-quarter fiscal 2019 revenues jumped 33% to C$23.3 million, but analysts had estimated the company should have had revenues of C$60 million. Sales and marketing expenses were $7.6 […]

Debra BorchardtNovember 13, 2018

Tilray (TLRY) stock fell after the company reported third-quarter revenue of $10 million, an increase of 85% versus the same time period for last year. The company said that the average net selling price was $6.21 versus last year’s $7.53. The net loss for the quarter was $18.7 million or $0.20 per share compared to […]

Debra BorchardtNovember 13, 2018

Cronos Group (CRON) reported a 186% increase in third quarter revenues to $3.8 million versus last years $1.3 million for the same time period. Gross profits were essentially flat with C$2.09 million for this past quarter versus C$2.0 million for the previous year. The net loss increased to C$7.2 million for the quarter over last […]

Debra BorchardtNovember 12, 2018

Aurora Cannabis (ACB) posted a 55% sequential gain in revenue for the fiscal first quarter of 2019 with $29.6 million over the fourth quarter’s $19.1 million. It was a 260% jump over the same time period for last year, which was $8.2 million. The quarter ended on September 30, so these numbers do not include sales […]

William SumnerNovember 8, 2018

The biopharmaceutical companies Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE) and Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP) today posted their financial results for the third quarter, which ended on September 30, 2018. In the results, both companies glossed over their less than stellar financial situation, opting instead to highlight their clinical achievements over the last quarter. Zynerba […]

Debra BorchardtNovember 8, 2018

Cannabis REIT Innovative Industrial Properties (NYSE: IIPR) reported that its revenue increased by 150% to $3.9 million for the third quarter ending September 2018 versus $1.6 million for the same time period last year. The company also delivered a net income of $1.5 million or $0.21 per diluted share. The adjusted funds from operations, a […]

Debra BorchardtOctober 26, 2018

HEXO Corporation (HYYDF), formerly known as The Hydropothecary Corp. reported that its revenue increased 14% to $1,410,656 quarter over last year’s $862,000 for the same time period. The net loss was a whopping $10.1 million versus last year’s net income of $935,000 for the same quarter. The net loss per share was five cents versus […]

Debra BorchardtOctober 25, 2018

MedMen Enterprises (MMNFF) reported fourth quarter revenues of $20.6 million, an increase of 1,317% over last year’s $1.5 million and a 44% sequential increase over the third quarter revenue of $14.3 million. The jump was attributed to the number of stores that came online during the quarter. However, operating expenses for the fourth quarter, including […]

Anne-Marie FischerOctober 12, 2018

Leamington, Ontario based Licenced Producer Aphria (APHQF) is reporting a solid start to the fiscal year 2019, and a 35% increase in grams sold in Q1-2018, despite some recent labor pool-related setbacks that resulted in a “rebalancing of inventory”. Aphria reported revenue for the three months ending August 31, 2018, at C$13.2 million, representing a […]

Debra BorchardtSeptember 25, 2018

Aurora Cannabis Inc. (ACBFF) released its fourth quarter and fiscal year-end financial results following the market close on Tuesday. For the fiscal year ending 2018, Aurora reported total revenue of C$55 million versus fiscal 2017’s total revenue of C$18 million. The net income for the year was C$69 million versus the previous year’s loss of […]

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Tag: earnings

Canopy Growth Stock Falls After Dramatically Missing Estimates

Tilray Reports $10 Million In Revenue As Prices For Cannabis Fall

Cronos Group Delivers Strong Quarter As Revenues Rise 186%

Aurora Cannabis Posts Big Gains In Revenue As Costs Drop, Prices Rise

Cannabis Biotechs Post Financial Results, Downplaying Losses

Cannabis REIT Innovative Industrial Properties Revenues Increase 150%

HEXO Reports Rising Fourth Quarter Sales, Expenses

MedMen’s Big Revenues Come At A Big Cost

Labor Shortage Causes Aphria to Report Loss in Gross Profit Margin

Aurora Cannabis Reports 223% Jump In Q4 Revenue, Confirms U.S. Listing Plans

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

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