Earnings
4Front Ventures Reports Strong 2019 Revenue Growth
4Front Ventures Reports Strong 2019 Revenue Growth

Arizona-based multistate operator 4Front Ventures announced its preliminary full-year and fourth quarter 2019 financial results on Monday, reporting an annual revenue increase of 786% to $63.5 million. In a news release, the vertically integrated cannabis firm said its fourth quarter sales of $17.5 million represented a 525% improvement versus the same quarter in 2018.

Following C$1.3 Billion Net Loss in Fiscal Q4 2020, Canopy Growth CFO Admits 'We Missed Opportunities'
Following C$1.3 Billion Net Loss in Fiscal Q4 2020, Canopy Growth CFO Admits 'We Missed Opportunities'

Canopy Growth Corporation today announced its full year and fiscal 2020 fourth quarter financial results, reporting a net loss of C$1.3 billion ($946 million) for the three-month period ending March 31, 2020. A majority of the eye-popping losses stemmed from previously announced impairment and restructuring charges, which totaled C$743 million.

Aurora Cannabis Shares Soar After Canadian Firm Beats Revenue Expectations
Aurora Cannabis Shares Soar After Canadian Firm Beats Revenue Expectations

Aurora Cannabis Inc. yesterday announced its 2020 fiscal third quarter earnings, reporting higher than expected net revenue of more than C$78 million – an 18% improvement from the previous quarter. Aurora’s adult-use sales grew 24% versus last quarter, to C$41.5 million, driven by the launch of value brand Daily Special and a full three months of cannabis 2.0 sales.

Subscribe to our newsletter

The latest news, articles, and resources, sent to your inbox weekly.