Canopy Growth Q3 2017 Results Visualized.

 

 

 

Third Quarter Fiscal 2017 Highlights

 

  • The Company had over 29,000 registered patients at December 31, 2016 compared to over 8,000 at December 31, 2015, representing a greater than 260% increase.

 

  • Revenue of $9.8 million; a 15% increase over second quarter fiscal year 2017 and a 180% increase over the prior year period

 

  • Revenue growth limited by the available product mix for sale; supply was limited in the quarter by the Company’s rigorous procedures to fully test the record harvest and approve the extensive product released for sale subsequent to quarter end

 

  • Harvested a company record 5,264 kilograms compared to 1,711 kilograms in the second quarter fiscal year 2017, representing a 208% increase

 

  • Inventory at December 31, 2016 valued at $50.6 million  comprised of 8,375 kilograms of dry cannabis and 2,683 litres of cannabis oils, providing a strong base for growing demand and continue growth. Of the total dry cannabis on hand, less than 10% was available for sale during and at the end of the quarter to address the demand for THC/CBD varieties and price points.

 

  • Net income of $3.0 million compared to a net loss of $3.3 million in the prior year period

 

  • Acquired Quebec-based ACMPR license applicant Vert Cannabis (formerly Vert Médical) and majority stake in licensed hemp producer HEMP.ca

 

  • Acquired German licensed medical distributor MedCann GMBH

 

  • Closed bought deal financing that raised gross proceeds of $60 million

 

  • $92.5 million in cash and cash equivalents at quarter end

 

  • Mettrums patients, warchest and assets are not included in this report but are still under canopys belt.

 

 

 

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