Canopy Growth Corp. reported a loss of $121.9 million in its latest quarter compared with a loss of $216.8 million in the same quarter a year earlier.
The cannabis company says the loss amounted to $1.11 per diluted share for the quarter ended Dec. 31.
The result compared with a loss of $2.62 per diluted share a year earlier.
(Sponsored)
In a tough economy, investing in community is more important than ever
When finances are tight, it might seem counterintuitive to give back, but supporting our most vulnerable neighbours this holiday season can actually help businesses weather their own challenges. At United
Inspired by love and loss, donor Tom Moore triples Giving Tuesday donations
For Tom Moore, a retired tech executive and longtime Ottawa resident, giving back to The Ottawa Hospital isn’t just a gesture of generosity. It’s personal. Tom grew up on a
Net revenue for what was the company’s third quarter totalled $74.8 million, down from $78.5 million a year ago.
Excluding businesses sold during its prior financial year, Canopy says net revenue was up eight per cent compared with a year ago.
The company says the increase was helped by strength in its Canadian medical cannabis sales, Storz & Bickel vaporizer business and international cannabis operations.
This report by The Canadian Press was first published Feb. 7, 2025.
