SMITHS FALLS, Ont. – Canopy Growth Corp. says its net loss for the second quarter was $324.8 million, compared with $305.8 million a year earlier.<\/p>\n
The company says its net loss from continuing operations was $148.2 million, compared with $196.5 million during the same quarter last year.<\/p>\n
Revenues for the quarter were $82.1 million, down from $100.4 million a year earlier.<\/p>\n
The company says its Canadian cannabis business delivered its third consecutive quarter of organic revenue growth while significantly reducing costs.<\/p>\n
This September, the company obtained creditor protection for BioSteel Sports Nutrition Inc. and said it intends to sell the business.<\/p>\n
In August, the company announced it had signed a deal to sell the Hershey building in Smiths Falls, Ont., back to the chocolate maker for around $53 million.<\/p>\n
This report by The Canadian Press was first published Nov. 9, 2023.<\/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. says its net loss for the second quarter was $324.8 million, compared with $305.8 million a year earlier. The company says its net loss from continuing operations was $148.2 million, compared with $196.5 million during the same quarter last year. Revenues for the quarter were $82.1 million, down […]<\/p>\n","protected":false},"author":362,"featured_media":771,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"guid":"","source":"The Canadian Press","byline":"The Canadian Press","published":"2023-11-09T07:28:23","updated":"2023-11-09T22:00:00","_infotelid":"IT101528","_prepressid":"101528","_multisite_post_sync":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[379,2,391,381],"tags":[],"region":[309,310,311,312],"class_list":["post-772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured3","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\/772\/canopy-growth-corp-reports-net-loss-of-324-8-million-in-second-quarter-2\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Canopy Growth Corp. reports net loss of $324.8 million in second quarter","url":"http:\/\/infonews.ca\/in420\/news\/772\/canopy-growth-corp-reports-net-loss-of-324-8-million-in-second-quarter-2\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/infonews.ca\/in420\/news\/772\/canopy-growth-corp-reports-net-loss-of-324-8-million-in-second-quarter-2\/"},"thumbnailUrl":"https:\/\/infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/MediaItemID101528-9139.jpg?w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/MediaItemID101528-9139.jpg"},"articleSection":"featured3","author":[{"@type":"Person","name":"Howard Alexander"}],"creator":["Howard Alexander"],"publisher":{"@type":"Organization","name":"iN420","logo":""},"keywords":[],"dateCreated":"2023-11-09T15:28:23Z","datePublished":"2023-11-09T15:28:23Z","dateModified":"2023-11-10T06:00:00Z"},"rendered":"