The Traderszone Network

Published in TZ Latest News 5 December, 2016 by The TZ Newswire Staff

This Marijuana Stock’s Sales Are Shrinking: Should We Care?

GW Pharmaceuticals PLC’s (NASDAQ: GWPH) reported fiscal fourth-quarter financial results that were pretty grim. Quarterly revenue collapsed 70%, to $2.1 million, and surging expenses tied to researching marijuana medicines resulted in a net loss of $21.8 million. The company’s full-fiscal-year revenue was $13.3 million, down about 64% from last year, and its net loss was $82.2 million

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