Canopy Growth (CGC) Reports Q4 Revenues of Cdn$115.07 million

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Go back to Canopy Growth (CGC) Reports Q4 Revenues of Cdn$115.07 million

Canopy Growth Reports Full Year and 4th Quarter Fiscal 2020 Financial Results; Provides Strategic Review Update

May 29, 2020 7:00 AM EDT

Generated Net Revenue of $399 million in FY 2020, up 76% over FY 2019 

In connection with previously announced organizational and strategic review, recorded impairment and restructuring charges of $743 million; the majority of which are non-cash charges

Gross Margin of (85)% in Q4 FY2020; excluding restructuring and other charges, achieved Adjusted Gross Margin of 42%

Net Loss of $1.3 billion; Adjusted EBITDA loss of $102 million in Q4 2020

SMITHS FALLS, ON, May 29, 2020 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX:... More