Aphria Inc. APHA

RE:Canopy Growth misses by $0.23, misses on revenue

[Viking49]

Daredevil1964 wrote:

Canopy Growth (NYSE:CGC): Q4 EPS of -$0.31 misses by $0.23.

Revenue of $22.8M (+55.5% Y/Y) misses by $1.39M.

EPS -.02

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Aside from the terrible financials..........the most glaring number is the 4811 kg harvested for the quarter.

Canopy brags of 2.4 million square feet of growth space...........some will say should produce 240,000 kg per year.....60,000 kg for a quarter. If Canopy was high tech....that would be the expectation.

Even low tech green houses should translate to 120,000 kg per year and 30,000 kg per quarter from 2.4 million square feet.

Canopy............4811 kg harvested for the quarter!!!!!!

They do not know how to grow...........they must be experiencing crop failure to achieve these kind of numbers.

And they will not report COG anymore..............ha, ha, ha, ha..........what a joke! 

Watch the Canopy smoke and mirrors go into overdrive.  If you are a holder of Canopy shares I would recommend you sell ASAP.  The next 2 quarterly reports will show big losses also and rec revenues will not hit the statements till calendar 2019. So where is the good news?

Limited numbers have been released so far........details will expose more issues........but the 4811 kg harvested number blows me away........totally pathetic!