earnings Archives

Debra BorchardtMay 15, 2018

Cronos Group Inc. (CRON) reported that its first-quarter total sales rocketed 473% to $2.9 million versus last year’s $0.5 million. Sequentially, sales jumped by 83% from the fourth quarter of 2017 to $1.3 million in the first quarter of 2018. The stock was rising by 4% in early trading to approximately $6.85 after beating analysts’ […]

Debra BorchardtMay 9, 2018

Innovative Industrial Properties, Inc. (IIPR) stock fell 4% in aftermarket trading when the cannabis real estate company missed expectations for its first-quarter earnings. The company reported net income of $607,000 or $0.09 per share, while the average analyst estimate for the quarter according to Yahoo Finance was for $0.18, a miss of nine cents. Rental […]

StaffMay 8, 2018

It’s time for your Daily Hit on May 8, 2018 On The Site GW Pharmaceuticals GW Pharmaceuticals (NASDAQ: GWPH) reported mixed second-quarter results on Tuesday after the market close, as revenue came in ahead of consensus but earnings expectations missed the mark by a wide margin. U.K.-based GW Pharmaceuticals said it lost $3.12 a share on […]

Debra BorchardtMay 8, 2018

Beleaguered biotech company Insys Therapeutics Inc. (INSY) reported a loss of $20.4 million in the first quarter for a loss of $0.28 cents per share. Adjusted those losses ended up being $0.19 cents per share, meeting analyst expectations. The pharmaceutical company is known for its kickback scheme on painkillers still managed to post revenue of […]

Jack SmithMay 8, 2018

GW Pharmaceuticals (NASDAQ: GWPH) reported mixed second-quarter results on Tuesday after the market close, as revenue came in ahead of consensus but earnings expectations missed the mark by a wide margin. U.K.-based GW Pharmaceuticals said it lost $3.12 a share on $3.35 million in sales, though the company mentioned the positive outcome of the Epidioled […]

William SumnerMay 8, 2018

Today, Aurora Cannabis Inc. (ACB) announced its financial results for the third fiscal quarter of 2018, ending on March 31, 2018. The company completed the acquisition of CanniMed Therapeutics, one of the largest medical cannabis providers in Canada. Additionally, the company also completed strategic investments in Liquor Stores NA and The Green Organic Dutchman, in […]

StaffMay 3, 2018

ABcann Global Corporation (ABCCF) reported net sales of C$922,030 in 2017 versus C$525,940 in 2016. The annual report or business update did not provide much in the way of standard financial reporting with regards to profits or losses. The company did report that bulk sales to other Licensed Producers represented approximately 21% of its sales by dollar value versus […]

StaffMay 1, 2018

Canadian-based cannabis company Sunniva Inc. (SNNVF), released its financial results for the fourth quarter and the year ending December 31, 2017. For fiscal 2017, the company delivered $16.1 million in revenue mostly generated from its two acquisitions during the period, Natural Health Services (NHS) and Full Scale Distributors (FSD), which contributed C$11.3 million and C$4.8 […]

StaffApril 30, 2018

Namaste Technologies Inc. (NXTTF) announced its unaudited quarterly financial statements for the second quarter of fiscal 2018. Sales for the quarter were $5.6M, a 195% increase quarter-over-quarter. Gross profits were $1.9M, a 150% increase over the same time period for last year. Namaste said that the gross profit increase related primarily to the growth in […]

Debra BorchardtApril 30, 2018

Cronos Group Inc. (CRON) announced financial results for the fourth quarter and fiscal year ended December 31, 2017, with fourth-quarter sales of $1.6 million, an increase of 274%. Annual sales for fiscal 2017 were $4.1 million, a 636% increase over 2016’s $554,000. The company also recorded a gross profit for 2017 of $7.2 million versus 2016’s gross profit […]

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Tag: earnings

Cronos Group Revenue Up 473%, Beats Analysts Expectations

Innovative Industrial Properties Stock Falls On Earnings Miss

The Daily Hit: May 8, 2018

Insys Therapeutics, Zynerba Both Report Q1 Losses

GW Pharmaceuticals Drops Amid Earnings Miss

Aurora Announces Q3 Financial Results; Posts Huge Losses

ABcann Reports Annual Sales, C$27.5 Million In Expenses

Sunniva Reports Big Revenue, Big Expenses

Namaste Tech Quarterly Sales Rise 195% Causing Stock To Move Higher

Cronos Group Stock Pops As 2017 Sales Increase 636%

The Daily Hit - TEST TEST TEST

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

Functional Mushrooms Move Into Mainstream as Wellness Trend Grows

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