Canopy Growth Q1 revenue $66.2M (-13% YoY); gross profit up 67%; extends term loan to Dec 2026

Canopy Growth Corp

2024-Q1 EPS reported -$1.60 revenue$66,212,000

Gross profit $23M (+67% YoY); gross margin 35% (+1,700 bps) on cost savings and medical mix.
Canada medical cannabis net revenue record $18.8M (+20% YoY); adult-use declined 22% to $18.9M.
Adjusted EBITDA loss narrowed to $5M (improvement of 77%); free cash outflow $56M.
Extended senior secured term loan maturity to Dec 18, 2026 (option to Sept 2027); repaid US$100M principal.
Canopy USA closed ~75% of Jetty and 2 of 3 Wana entities; Acreage option exercised, close H1 2025.

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