Canopy Growth Corp.’s revenue soared in its latest quarter on its first sales of recreational cannabis, but the licensed producer’s loss from operations widened. The Smiths Falls, Ont.-based company reported revenue of $97.7 million in the quarter ended Dec. 31, or net revenue of $83 million, up from $21.7 million during its financial third quarter a year earlier. ( Sean Kilpatrick / THE CANADIAN PRESS )That surpassed the $81.2 million in revenue expected by analysts, according to Thomson Reuters Eikon. Article Continued BelowCanopy’s loss from operations was $157.2 million, compared with a loss of $26 million a year earlier. Its adjusted earnings before taxes, depreciation and amortization (EBITDA) amounted to a loss of $75.1 million, compared with a year earlier adjusted loss of $5.68 million.

Source: thestar February 15, 2019 12:11 UTC