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.


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