Canopy Growth Corporation Reports Third Quarter Fiscal 2019 Financial Results: Gross Sales of $98M; Net Revenue hits record $83M
Press Release
- Cannabis shipments totaled 10,102 kilograms and kilogram equivalents.
- Net income of $74.9 million, including changes in fair values of financial liabilities included in Other Income.
- Closed the previously announced $5 billion investment by Constellation Brands Inc and began putting that capital to work for shareholders with key acquisitions of Storz & Bickel and the assets of ebbu Inc.
- Expanded to new markets including United Kingdom and Peru, and announced intention to establish operations in New York State, marking the Company’s entry into the US hemp market.
- Intellectual property portfolio grew to 32 issued patents and over 140 patent applications, covering a range of target areas from technology to genetics to clinical formulations.
February 14, 2019
Smiths Falls, ON – Canopy Growth Corporation (TSX:WEED) (NYSE:CGC) (“Canopy Growth” or “the Company”) today released its consolidated financial results for the third quarter fiscal 2019 ended December 31, 2018. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.
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