The cannabis company says the loss amounted to $2.43 per diluted share for the quarter ended Dec. 31, compared with a loss of $109.6 million or 26 cents per share a year earlier.
Canopy says the results for its most recent quarter included $416 million in impairment, restructuring and other related charges plus $291 million stemming from non-cash fair value changes, mostly driven by the company's higher stock price. The company said in December it would stop operations at five facilities across the country and lay off more than 200 workers in a move to cut costs.
Net revenue in what was the company's third quarter amounted to $152.5 million, up from $123.8 million in the same quarter a year earlier. Cannabis net revenue totalled $98.8 million, up from $90.4 million a year earlier, while other revenue rose to $53.7 million compared with $33.4 million.
Who is so stupid they fook up making money selling drugs?
The uneducated and unemployed have profited from pot sales for generations. In comes the government and fizzle......
Will Canadian government buy huge 3D printer to print will-be -needed mental healthy facilities? Or they will leave many memory troubled adults on the street?
It is a sin when people seek for bodily pleasure from a type of drug. This government approved the needed legalization in order to gain tax under a coat of stopping the black market! In reality, black market soared 5x in 2019! What. A pure lie from those politicians.
Ya when you offer garbage product. Grow your own.
deJager420 Shut it the fuck down.
Good. Government regulated weed is bad seedsandstems
Let's put on our bathing suits and go swimming in it!
Their prices are too high for what it’s worth. Black market prices are cheaper for the same quality.
I stopped buying 10 months ago,having an effect I see.
I'm confused. Loss? But revenue up? Wasn't cannabis supposed to bring in a ton of money?
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