SMITHS 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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
Canada adult-use cannabis business-to-business net revenue rose nine per cent year-over-year, while Canadian medical cannabis net revenue climbed 11 per cent compared with a year earlier.<\/p>\n
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.<\/p>\n
This report by The Canadian Press was first published Feb. 9, 2024.<\/span><\/em><\/p>\n Companies in this story: (TSX:WEED)<\/span><\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" SMITHS 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 […]<\/p>\n","protected":false},"author":362,"featured_media":706,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"guid":"","source":"The Canadian Press","byline":"The Canadian Press","published":"2024-02-09T02:34:53","updated":"2024-02-09T22:00:00","_infotelid":"IT103143","_prepressid":"103143","_multisite_post_sync":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,391,381],"tags":[],"region":[309,310,311,312],"class_list":["post-707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in420","category-nonit","category-topnews","region-kamloops","region-kelowna","region-penticton","region-vernon"],"blocksy_meta":[],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/infonews.ca\/in420\/news\/707\/cannabis-company-canopy-growth-reports-216-8m-q3-net-loss-4\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cannabis company Canopy Growth reports $216.8M Q3 net loss","url":"http:\/\/infonews.ca\/in420\/news\/707\/cannabis-company-canopy-growth-reports-216-8m-q3-net-loss-4\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/infonews.ca\/in420\/news\/707\/cannabis-company-canopy-growth-reports-216-8m-q3-net-loss-4\/"},"thumbnailUrl":"https:\/\/infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/MediaItemID103143-8775.jpg?w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/MediaItemID103143-8775.jpg"},"articleSection":"iN420","author":[{"@type":"Person","name":"Howard Alexander"}],"creator":["Howard Alexander"],"publisher":{"@type":"Organization","name":"iN420","logo":""},"keywords":[],"dateCreated":"2024-02-09T10:34:53Z","datePublished":"2024-02-09T10:34:53Z","dateModified":"2024-02-10T06:00:00Z"},"rendered":"