It's safe to say that Canadian winter parka brand Canada Goose is seriously thriving. Canada Goose is opening a brand new factory in Canada after their profit beat expectations and the company made a whopping $103.4 million in the fourth quarter of 2018. The new factory will be in Montreal, Quebec and marks the second one in the province.\nREAD ALSO: Multiple People Have Been Robbed At Gunpoint For Their Canada Goose Jackets In The Last Two Weeks\nCanada Goose's new production facility will provide jobs to hundreds of Canadians. It is expected to already have over 100 employees at the factory by the end of March this year, and eventually, grow to 650 employees by the end of 2020, according to the Financial Post.\nREAD ALSO: Canada Goose Launches A New Parka Collection Made By Canadian Inuit Designers And It's Stunning\nThis move to open up a new factory comes after the company had significantly higher profits than expected. Canada Goose reported a profit of $103.4 million just in the last quarter of 2018, so this doesn't even count all the revenue made in the first three quarters of the year – that is a lot of parkas sold.\nView this post on Instagram Canada Goose Basecamp is your escape from the cold at #Sundance. Visit us at 449 Main Street in Park City to try on iconic parkas, enjoy hot beverages, and visit our Canada Goose History in Film exhibit #CGxSundance A post shared by Canada Goose (@canadagoose) on Jan 26, 2019 at 3:37pm PST\nThis is almost $40 million dollars more than the same time last year – the same quarter last year saw a profit of $63 million, according to the Financial Post. This means that Canada Goose is continuing to gain even more popularity.\nCanada Goose's revenue also significantly increased from the year before. In Canada Goose's third quarter, their total revenue reached almost $400 million, which is over $100 million more than the year before.\nView this post on Instagram Join us in celebrating the launch of our first-ever store. Our Toronto location opens October 18 at Yorkdale Shopping Centre. A post shared by Canada Goose (@canadagoose) on Oct 17, 2016 at 3:04pm PDT\nCanada Goose is not showing any signs of slowing down. The company expects to be even more profitable and popular in the upcoming year, which is a major reason why they are opening a brand new factory in Montreal.\nThe company is expecting revenue to continually grow by mid to high 30%, which is higher than their earlier expectations for the brand.\n@canadagooseembedded via\nJust earlier this month in February, Canada Goose released a new stunning parka collection that was designed by Canadian Inuit designers and it was met with rave reviews. Canada Goose has also done collaborations with Drake's clothing line October’s Very Own (OVO) and they have been a major success.\nREAD ALSO: Canada Goose Jackets Are Now Banned From This High School’s Dress Code\nWith their new factory and financial report, it shows that despite their high prices and past controversies, Canada Goose is still thriving. Their parkas usually retail for around $1000, so a lot of people are willing to shell out thousands to wear Canada Goose jackets.