Canopy Growth Corporation(TSX:WEED) (NASDAQ:CGC) announced its financial results on Friday for the second quarter of fiscal 2025, which ended Sept. 30, 2024.
The Canadian cannabis giant reported a9% year-over-year decrease in net revenue to CA$63 million($45.4 million). Canopy said excluding net revenue from businesses divested during the prior fiscal year, net revenue increased 3%.
David Klein,the company's CEO, said the company "delivered a solid second quarter led by strong growth across our Storz & Bickel, Canadian medical, and European cannabis businesses," adding Canopy is "well positioned to accelerate momentum in the second half of our fiscal year."
Read...
Login or create a forever free account to read this news
Sign up/Log in
