Summary by Moomoo AI
Canopy Growth reported Q2 FY2025 net revenue of $63 million, down 9% year-over-year, while gross margin improved 100 basis points to 35%. The decline was partially offset by 16% growth in Canadian medical cannabis and 12% growth in international markets. Storz & Bickel vaporizer business saw strong 32% revenue growth to $16 million.The company reduced its adjusted EBITDA loss by 54% to $5.5 million, driven by cost savings initiatives. Free cash flow improved 16% to negative $56.4 million. The balance sheet strengthened with cash and short-term investments increasing to $231 million from $195 million in the previous quarter.Looking ahead, management expects accelerated momentum in the second half, supported by the re-introduction of Wana edibles and new product launches. The company remains on track to achieve positive adjusted EBITDA in coming quarters through topline growth and continued cost discipline.
