Canopy Growth (TSE:WEED) has released an update.
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Canopy Growth Corporation has reported a 7% year-over-year increase in Q4 FY2024 net revenue, which jumps to 16% after adjusting for divested businesses. The standout performer, Storz & Bickel, saw a 43% rise in Q4 revenue compared to the previous year. Additionally, the company has significantly reduced its cost of goods sold in Canada by 54% for the fiscal year and has no major debt obligations due until March 2026.
For further insights into TSE:WEED stock, check out TipRanks’ Stock Analysis page.