Canopy Growth Reports First Quarter Fiscal 2017 Financial Results

Canopy Growth Corporation (TSX:CGC) ("Canopy Growth" or "the Corporation") today released its financial results for the first quarter fiscal 2017 ended June 30, 2016.  All financial information in this press release is reported in Canadian dollars, unless otherwise indicated. 

Consolidated financial results include the accounts of the Company and its wholly‑owned subsidiaries Tweed Inc. ("Tweed"), Tweed Farms Inc. ("Tweed Farms") and Bedrocan Canada Inc. ("Bedrocan Canada"). 

First Quarter Fiscal 2017 Highlights

  • Revenues of $7.0 million, representing a greater than 300% increase over the three months ended June 30, 2015 and a 39% increase over fourth quarter fiscal year 2016 
  • Over 16,500 registered patients at June 30, 2016 compared to over 3,600 at June 30, 2015 
  • Bedrocan began licensed sales of bedro-oils cannabis oil in June 2016
  • Announced partnership with AusCann Group Holdings Ltd. of Australia to work together in the Australian and International markets 
  • Announced creation of joint venture, Bedrocan Brazil, with São Paulo, Brazil‑based Entourage Phytolab S.A. and local Brazilian partners
  • ...
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