Canopy Growth Corp. reported a net loss of $216.8 million in its latest quarter compared with a loss of $264.4 million a year earlier. Staff work in a marijuana grow room at a Canopy Growth facility in Smiths Falls, Ont. on Thursday, Aug. 23, 2018. THE CANADIAN PRESS/Sean Kilpatrick
Canopy Growth Corp. reported a net loss of $216.8 million in its latest quarter compared with a loss of $264.4 million a year earlier. Staff work in a marijuana grow room at a Canopy Growth facility in Smiths Falls, Ont. on Thursday, Aug. 23, 2018. THE CANADIAN PRESS/Sean Kilpatrick
skpSMITHS FALLS, Ont. - Canopy Growth Corp. reported a net loss of $216.8 million in its latest quarter compared with a loss of $264.4 million a year earlier.
The cannabis company says the loss amounted to $2.62 per diluted share for the quarter ended Dec. 31 compared with a loss of $5.34 per diluted share a year earlier when it had fewer shares outstanding.
Net revenue for what was the company's third quarter totalled $78.5 million, down from $84.9 million in the same quarter a year earlier.
Excluding the impact of the sale of its Canada national retail business, the company says consolidated net revenue grew by six per cent year-over-year.
Canada adult-use cannabis business-to-business net revenue rose nine per cent year-over-year, while ºÃÉ«tv medical cannabis net revenue climbed 11 per cent compared with a year earlier.
On an adjusted basis, Canopy says its earnings before interest, taxes, depreciation and amortization came to a loss of $9.0 million compared with a loss of $49.7 million a year earlier.
This report by ºÃÉ«tvwas first published Feb. 9, 2024.
Companies in this story: (TSX:WEED)
The ºÃÉ«tv Press. All rights reserved.
A new poll suggests most ºÃÉ«tvs think the country is making good progress on re…
Surprising Toronto Blue Jays will likely be buyers ahead of Thursday's trade deadl…
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
