secwatch.observer — SEC 8-K summary
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Issuer:     Canopy Growth Corp (CGC)
CIK:        0001737927
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0000950170-22-023514
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737927/000095017022023514/0000950170-22-023514-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737927/000095017022023514/cgc-20221109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-023514

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