Canopy Growth falls after Q3 results

Canopy Growth

07/02/2025 17:20

** Shares of pot producer Canopy Growth  WEED.TO  fall 24.3%
to C$3.02
    ** Company reports Q3 loss of C$1.11 per share vs est loss
of 54 Canadian cents per share — data compiled by LSEG
    ** WEED's Q3 net revenue fell 5% to C$74.76 million ($52.23
million) compared to a year earlier, due to lower sales in the
Canadian adult-use cannabis segment
    ** The segment's Q3 net revenue fell 10% to C$21.2 million
compared to a year earlier
    ** Including session's moves, stock down 22.8% YTD
    
($1 = 1.4314 Canadian dollars)

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com))