Canopy Growth (TSXV:CGC) has released its fourth quarter and fiscal 2016 financial results. The company’s consolidated results include those of its wholly-owned subsidiaries, Tweed, Tweed Farms and Bedrocan Canada.
As quoted in the press release, highlights from the fourth quarter included:
Revenues of $5.0 million, representing a greater than 300% increase over the three month period ended March 31, 2015 and a 45% increase over Q3, fiscal year 2016
Sale of Tweed 10:1 Cannabis Oil began on February 25, 2016
Supported two Canadian licensed producers through the sale of wholesale product during the fourth quarter
Over 11,000 registered patients at March 31, 2016 compared to 2,800 at March 31, 2015, and compared to over 8,200 at December 31, 2015, and greater than 16,000 as of today’s date
Tweed entered into a business partnership with entertainment and cannabis icon, Snoop Dogg
Tweed Farms’ full 375,000 ft.2 facility licensed to produce, possess and ship dried marijuana
Bedrocan launches True Compassionate Pricing program, all six standardized Bedrocan varieties priced at $5.00 per gram for all clients
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