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CGC - Canopy Growth News Story

$18.28 -0.3  -1.7%

Last Trade - 31/07/20

Sector
Healthcare
Size
Large Cap
Market Cap £5.17bn
Enterprise Value £4.49bn
Revenue £227.2m
Position in Universe 932nd / 6362

BRIEF-Canopy Growth Withdraws Previously Communicated Milestones For Achieving Positive Adjusted EBITDA AND Net Income

Fri 29th May, 2020 12:29pm
May 29 (Reuters) - Canopy Growth Corp  WEED.TO :
    * CANOPY GROWTH REPORTS FULL YEAR AND 4TH QUARTER FISCAL
2020
FINANCIAL RESULTS; PROVIDES STRATEGIC REVIEW UPDATE
    * RECORDED A PRE-TAX RESTRUCTURING AND IMPAIRMENT CHARGE OF
$743
MILLION IN Q4
    * QTRLY NET REVENUE $107.9 MILLION VERSUS $94.1 MILLION
    * QTRLY LOSS PER SHARE $3.72
    * TEMPORARILY CLOSED CORPORATE-OWNED RETAIL STORES IN
MID-MARCH
BUT RE-OPENED 20 STORES WITH REDUCED HOURS
    * NET LOSS OF $1.3 BILLION; ADJUSTED EBITDA LOSS OF $102
MILLION
IN Q4 2020
    * WITHDRAWING ITS PREVIOUSLY COMMUNICATED MILESTONES FOR
ACHIEVING
POSITIVE ADJUSTED EBITDA AND NET INCOME
    * Q4 EARNINGS PER SHARE VIEW C$-0.59, REVENUE VIEW C$128.8
MILLION
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nCNWyNTmJa 
Further company coverage:  WEED.TO 

 ((Reuters.Briefs@thomsonreuters.com;))
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