Canopy Growth (CGC) Reports Q3 Loss of C$2.43/sh

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Go back to Canopy Growth (CGC) Reports Q3 Loss of C$2.43/sh

Canopy Growth Reports Third Quarter Fiscal 2021 Financial Results

February 9, 2021 6:30 AM EST

Business transformation continues to gain traction

Improved commercial and operational execution drives record net revenue of $153 million, up 23% vs Q3 2020

Q3 2021 Canadian recreational market share increased by 30bps vs Q2 2021 based on our proprietary market share tracker

 Provides medium-term financial targets, including expectations to achieve profitability during the second half of FY 2022, while continuing to invest behind consumer insights, R&D and the U.S. market

With renewed sense of optimism, Canopy further advanced the U.S. growth strategy ahead of potential cannabis... More