Canopy Growth Q3 sales hit C$74.76 million, surpassing estimates. Medical cannabis revenue rose 16%, while adjusted EBITDA loss improved 61% year-over-year.
Luc Mongeau, the newly appointed CEO, emphasized his commitment to advancing Canopy Growth toward sustained profitability and positive cash generation. He highlighted strengths in the medical cannabis ...
Shares in Canopy Growth fell sharply Friday morning after the company's loss missed expectations in the fiscal third quarter. Shares fell over 18% to 3.27 Canadian dollars ($2.29).