• Daily Marijuana Observer Facebook
  • Daily Marijuana Observer Twitter
  • Daily Marijuana Observer StockTwits
  • Daily Marijuana Observer SA
  • Daily Marijuana Observer Instagram
  • Daily Marijuana Observer Youtube
  • Pinterest Social Icon
  • Daily Marijuana Observer Talk Market

Canopy Growth Corp's FY 2017 Financial Results Breakdown

June 27, 2017

 (Image Credit - Nick Youngson

After the close yesterday, Canopy Growth Corp. (TSX:WEED)(OTC:TWMJF) released and filed their fourth quarter and full year financial results. There are a few highlights of the financials worth looking at:

 

Financial Highlights 

 

  • Revenues for FY'17 were $39.9 million CAD (~30.2 million USD) compared to 12.69 million CAD in the previous FY.  This increase in revenues was attributable to the Mettrum acquisition, the launch of cannabis oil sales and an increase in the average price per gram sold. 

  • In fiscal year 2017, the company sold 5,139 kilograms and equivalents. This marked a 203% increase over fiscal year 2016.

  • Adjusted product contribution in FY'17 was $25.1 million CAD, or 63% of revenue. In the previous fiscal year, adjusted product contribution was $8.1 million CAD or 64% of revenue. The adjusted product contribution removes the effect of changes in fair value of biological assets and recognizes cost of sales based on the weighted average cost per gram sold. 

  • Operating expenses in FY'17 were $52.8 million CAD, or 132% of revenues compared to $21.7 million CAD in the previous year. 

  • Net losses for fiscal year 2017 were $16.7 million CAD, versus $3.5 million CAD in FY'16.

  • Accumulated deficits for the company have risen to $30.3 million CAD as of March 31st, 2017. 

  • Net loss per share amounted to $0.14 CAD per share compared to a loss of $0.05 CAD per share in the previous fiscal year. 

  • Weighted average common shares outstanding were 118,989,731 as of March 31st, 2017 compared to 77,023,935 at the end of the previous fiscal year.

 

Operational Highlights in FY'17 and Beyond

 

 

Find more operational highlights from Canopy Growth Corp. by checking out their foreign operations update and their domestic (Canadian) operations updates linked above. 

 

Conclusion

 

To learn more about Canopy Growth Corp. (TSX:WEED)(OTC:TWMJF) check out the company's stock profile in our Canadian L.P. database. To view more marijuana stocks, check out our full marijuana stock database

 

Be sure to subscribe to our Canadian L.P. newsletter, so you never miss an important update from one of Canada's 50 LPs. 

 

Also, don't forget to connect with The Daily Marijuana Observer on Facebook, Twitter and Instagram.

 

D/M/O

 

Disclaimer

 

Investing in nanocap, microcap, and small cap stocks is highly speculative. The publishers of DailyMarijuanaObserver.com are not registered as Investment Advisors or Broker-Dealers in any jurisdiction whatsoever. The information contained on DailyMarijuanaObserver.com (“this site”) has been prepared solely for informational purposes. Nothing on the site is an offer or solicitation to buy or sell securities. Investors should seek financial advice regarding the appropriateness of investing in any securities mentioned from their financial advisor.

 

Read more articles tagged:

Please reload

LATEST NEWS
Please reload

Please reload

DMO

© Copyright 2016-2020 Smoke Show Ventures, Inc.

RSS Feed

Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.