Earnings Release: Company and Analysts Investors

earnings release: Unfortunately, the metric in question is one the company has advised analysts and investors to look to as the best measure of its underlying business, according to Market Watch. The company said the nine-month adjusted EBITDA earnings before interest, taxes, depreciation and amortization figure should have been C 155.2 million 117.8 million but was incorrectly stated as C 69.0 million. The Smiths Falls, Ontario-based company said it is restating one metric in last week's fiscal third-quarter and nine-month earnings release after a formula error in a spreadsheet. The Adjusted EBITDA loss for the three months ended as December 31, 2018 was correct as reported, as were all prior quarters as released, the company said in a statement. Canopy posted its numbers much later than expected last Thursday night, entering the numbers in the Canadian securities regulator's database just before a 45-day deadline elapsed. The news highlights some of the teething problems cannabis companies are facing in the early stages of the new legal sector. (news.financializer.com). As reported in the news.