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WeedMD Wraps Up Fiscal 2020 With $29.4M In Revenue, Reports Q1 2021 Preliminary Gross Revenue Of $12M

Medical cannabis company WeedMD Inc. (TSXV:WMD) (OTCQX:WDDMF) (FSE:4WE) reported Monday its revenue rose by 41% year-over-year, reaching CA$29.4 million ($24.3 million) in 2020. The Toronto-based company reported its financial results for the 2020 fiscal year revealing gross loss, before changes in fair value, of roughly CA$22 million, compared to a gross profit of CA$4.05 million in 2019. WeedMD also reported a negative adjusted EBITDA, a non-IFRS measure, of approximately CA$43.6million in ...
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