Canopy Growth Q2 revenue down 10% to $118M; net loss $232M; announces Canopy USA for U.S. entry

Canopy Growth Corp

2023-Q2 EPS reported -$5.30 revenue$227,978,000

Net revenue $117.9M, down 10% YoY; net loss $231.9M vs $15.9M loss in Q2 FY2022.
Adjusted EBITDA loss $78.1M, improved $85M YoY; cash $1,143M, down $229M from March 2022.
BioSteel revenue up 299% YoY to $29.9M; Canadian medical cannabis up 8% YoY.
Created Canopy USA to hold U.S. cannabis investments; shareholder vote required for exchangeable shares.
Divesting Canadian retail operations; SG&A cost savings target $70-100M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Canopy Growth Corp reported financial results for second quarter ended September 30, 2022.

Period: second quarter ended September 30, 2022
Result: reported results

Exact text from the filing

On November 9, 2022, Canopy Growth Corporation issued a press release announcing its financial results for the second quarter ended September 30, 2022.

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Canopy Growth Corp filing history →

Source: SEC EDGAR

accession 0000950170-22-023514

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