SMITHS FALLS, Ont. – 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.
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.
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