trending Market Intelligence /marketintelligence/en/news-insights/trending/Q1cHt8F7WjN_a2XzeEHrWw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Canopy Growth's net loss for fiscal Q1'20 widens YOY

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Canopy Growth's net loss for fiscal Q1'20 widens YOY

Canopy Growth Corp.'s net loss for the first quarter of fiscal year 2020 totaled C$3.70 per share, compared with the S&P Global Market Intelligence consensus normalized EPS estimate of 41 Canadian cents per share.

The company's per-share loss widened 825% year over year from 40 cents.

For the three months that ended June 30, the company's net loss widened by 1,308% to C$1.28 billion from the net loss of C$91.0 million booked in the year-ago period.

Canopy Growth noted that its acquisition-related costs increased significantly in the quarter mainly due to its US$3.4 billion acquisition of New York-based cannabis asset manager Acreage Holdings Inc., as well as completion of its deals with This Works and C3 Cannabinoid Compound Co.

The company's research and development expenses jumped to C$8.5 million in the quarter from C$756,000 a year earlier, mainly driven by its investment in new research and development efforts.

Meanwhile, the Canadian cannabis and hemp company's net revenue increased 249% on an annual basis to C$90.5 million from C$25.9 million.