Canopy Rivers Inc., the venture capital arm of Smiths Falls-based Canopy Growth Corp., reported a net loss of nearly $3 million in its latest quarter.
The company says the loss amounted to two cents per diluted share for the quarter ended June 30, compared with a net loss of $6.6 million or five cents per share a year ago.
Operating income in the first quarter of the company’s 2020 financial year totalled $2.7 million, up from $744,000, including royalty, interest and lease income.
OBJ360 (Sponsored)
Care, Serve, & Give: Dr. Helen Tang is redefining what it means to lead with purpose
Dr. Helen Tang is a dynamic and multifaceted leader whose passion for community and philanthropy is at the heart of everything she does. As a devoted mother of two and
uOttawa grows Kanata North’s presence to meet rising innovation demands
When the University of Ottawa first opened its Kanata North Campus in the heart of Canada’s largest tech park, the goal was clear: To bring researchers, students, and industry closer
During the quarter, Canopy Rivers made $18.8 million in new investments in High Beauty, Biolumic and Zeakal.
The company also contributed a total of $6.0 million to existing investees Agripharm and Greenhouse Juice Co.
Canopy Rivers holds a diversified portfolio of 18 companies in the cannabis sector.
