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CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Reports Q3 Fiscal Year 2020 Financial Results, Provides Corporate Update

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today released its financial results for the three and nine months ended December 31, 2019. According to the update, the company’s unaudited condensed interim consolidated financial statements as well as its management’s discussion and analysis (“MD&A”) for Q3 2020 are available under the company’s profile SEDAR at…

Canopy Jumps 25% After Beating Expectations Across the Board

(Bloomberg) — Canopy Growth Corp. jumped as much as 25% Friday, the biggest gain since 2018, after the world’s largest cannabis company by market value reported quarterly results that beat expectations across the board.Canopy posted a 62% quarter-over-quarter jump in net revenue to C$123.8 million, which was well ahead of the consensus estimate of C$105.4 million. Cannabis gross revenue rose…

Canopy Growth Expands Revenue in Q3 to $123.8 Million as Losses Decline

Canopy Growth Reports Third Quarter Fiscal 2020 Financial Results Generated $124 million Net Revenue, up from $76 million in Q2 2020 Excluding portfolio restructuring charges in Q2 2020, Net Revenue up 13% Achieved Gross Margin of 34% Total Operating Expenses down 14% versus the prior quarter Adjusted EBITDA loss decreases to $92 million SMITHS FALLS, […] READ MORE: