Canopy Growth (TSX:WEED) revenue spikes 77% In Q2 FY2021. | Kalkine Market Update CA |

  • November 10, 2020 03:35 AM EST
  • Team Kalkine

Pot company Canopy Growth’s net revenue increased from C$76.6 million in Q2 FY2020 to C$135.3 million in Q2 FY2021. In the second quarter of fiscal 2021, the company reported a net loss of C$96.6 million. Adjusted EBITDA loss of C$85.7 million shows a 43 percent YoY improvement from C$150.4 million in Q2 FY2020. Due to reductions in Sales, Marketing, and General & Administrative expenses, total SG&A expenses dropped 19 percent YoY in the latest quarter.

Air Canada stock (TSX: AC) Revenue Drops 86% In Q3 2020 With COVID-19 impacting travel and the aviation sector immensely, Air Canada saw its Q3 2020 revenues drop C$4.773 billion from Q3 2019. The company reported a negative EBITDA of C$554 million in the third quarter of 2020, a steep decline from that of C$1.472 billion in Q3 2019.

* Aurora Cannabis (TSX: ACB) Reports Marginal YoY Revenue Growth in Q1 FY2021 Aurora Cannabis reported total and cannabis net revenue of C$67.8 million in the first quarter of fiscal 2021, slightly up from C$67.5 million in Q1 FY2020. The cannabis company holds a cash balance of nearly C$250 million as of November 6, 2020. Its international medical marijuana business saw over 40 percent net revenue growth in Q1 FY2021.

 


Disclaimer
The website https://kalkinemedia.com/ca is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001. The principal purpose of the content on the website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK