The following is a summary of the Canopy Growth Corporation Q1 2025 Earnings Call Transcript:

Financial Performance:

• Canopy Growth achieved a key profitability milestone with all business units delivering profitable quarterly adjusted EBITDA.

• Consolidated net revenue was $66 million, marking a 13% decrease year-over-year, but a more moderate 3% decline excluding impacts from divested businesses.

• Consolidated gross profit dollars grew 67% year-over-year with a significant improvement in gross margin to 35% from 18% in the previous year.

• Adjusted EBITDA showed a loss of $5 million, an improvement of 77% compared to the previous year.

Business Progress:

• Canopy Growth has taken various initiatives to strengthen its supply chain and increase production capacity, particularly in high-margin segments like Canadian medical cannabis and international markets.

• The company has launched numerous new products and SKUs, particularly in the Canadian adult-use market, to drive growth.

• Canopy USA has made significant strides, closing acquisitions and expanding distribution, particularly with Jetty and Wana in the U.S. market.

Opportunities:

• The Canadian medical business, despite a stagnant overall medical market, saw record revenues, indicating strong growth potential in this segment.

• International growth, particularly in Germany and Poland, supported by strategic supply chain adjustments and product launches.

Risks:

• Challenges related to supply constraints impacting revenue in the adult-use segment, potentially harming market share and growth.

More details: Canopy Growth IR

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