Canopy Growth (CGC) Reports Q1 Loss of Cdn$0.30 on Net Revenues of Cdn$110.4M

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Go back to Canopy Growth (CGC) Reports Q1 Loss of Cdn$0.30 on Net Revenues of Cdn$110.4M

Canopy Growth Reports First Quarter Fiscal 2021 Financial Results

August 10, 2020 7:00 AM EDT

Transformation strategy gains traction

Net Revenue of $110 million increases 22% over Q1 FY20 

Net Loss of $128 million; Adjusted EBITDA loss of $92 million narrows versus Q1 FY20

Established leadership position in growing cannabis-infused beverage segment; shipping +1.2mm cans to Canadian provinces since launch

Strengthened foothold in U.S. market with launch of shopcanopy.com

SMITHS FALLS, ON, Aug. 10, 2020 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NYSE: CGC) today announced its financial results for the first quarter fiscal 2021 ended... More