Canopy Growth (CGC) Reports Q4 Loss Per Share of C$1.28

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Canopy Growth Reports Fourth Quarter and Fiscal Year 2023 Financial Results

June 22, 2023 4:50 PM EDT

Business transformation and cost reduction actions initiated in FY2023 expected to drive overall cost reduction of $240-$310 million by the end of FY2024   

Actions to strengthen balance sheet have reduced overall debt position by approximately $500 million from Q2 FY2023 to quarter-to-date in Q1 FY2024 and are anticipated to generate proceeds of up to $150 million from facility divestitures by the end of Q2 FY2024

 Revised proxy statement filed with modifications to the structure of Canopy USA in order to maintain compliance with NASDAQ listing requirements while preserving... More