Skip to content

Canopy Growth reports $127.1M Q1 loss, revenue down from year ago

SMITHS FALLS, Ont. — Canopy Growth Corp. posted a larger loss in its latest quarter compared with a year ago as its revenue declined. The cannabis producer says its loss attributable to the company amounted to $127.1 million or $1.
400af75d5f6c937025ee65cf6c969dcece73553196556bb596f0b6f7fe319749
Canopy Growth Corp. posted a larger loss in its latest quarter compared with a year ago as its revenue declined. Staff work in a marijuana grow room at Canopy Growth's Tweed facility in Smiths Falls, Ont., Thursday, Aug. 23, 2018. THE CANADIAN PRESS/Sean Kilpatrick

SMITHS FALLS, Ont. — Canopy Growth Corp. posted a larger loss in its latest quarter compared with a year ago as its revenue declined.

The cannabis producer says its loss attributable to the company amounted to $127.1 million or $1.60 per diluted share for the quarter ended June 30.

The result compared with a loss of $38.1 million or 69 cents per diluted share a year earlier.

Revenue for the first quarter of the company's 2025 financial year totalled $75.8 million, down from $88.6 million in the same quarter last year.

Net revenue was $66.2 million, down from $76.3 million, mostly due to the impact of divested businesses.

Canopy says its adjusted earnings before interest, taxes, depreciation and amortization amounted to a loss of $5.3 million in its latest quarter compared with a loss of $23 million a year earlier.

This report by The Canadian Press was first published Aug. 9, 2024.

Companies in this story: (TSX:WEED)

The Canadian Press

push icon
Be the first to read breaking stories. Enable push notifications on your device. Disable anytime.
No thanks