Canopy Growth reports Q3 EPS (C$2.62) vs. (C$5.34) last year

Reports Q3 net revenue C$78.5M vs. C$84.85M last year. “This is the dawn of a new era at Canopy Growth. We’re singularly focused on cannabis and demonstrating growth across all of our business units. With our Canopy USA strategy now moving forward, we expect to be the first and only U.S. listed company offering shareholders a unique opportunity to gain exposure to the fastest growing cannabis market in the world.” David Klein, CEO. “Our Q3 FY2024 results demonstrate the substantial improvement in profitability and reduction in cash burn compared to the previous year as well as Q2 FY2024. Our right-sized business is consistently delivering profitability improvements as well as sequential growth. These results, paired with our ongoing actions to strengthen Canopy Growth’s balance sheet, reinforce our confidence in continued performance along this path for a sustainable, profitable future.”