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CGC - Canopy Growth News Story

$17.09 -0.8  -4.7%

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Sector
Healthcare
Size
Large Cap
Market Cap £5.09bn
Enterprise Value £4.41bn
Revenue £228.5m
Position in Universe 974th / 6400

Canopy Growth posts over C$1 billion loss on impairment hit

Fri 29th May, 2020 12:14pm
May 29 (Reuters) - Pot producer Canopy Growth Corp  WEED.TO 
 CGC.N  on Friday reported a bigger loss for the fourth quarter,
hit by non-cash impairment and restructuring-related charges of
C$743 million.
    Ontario-based Canopy Growth's net loss attributable to the
company widened to C$1.30 billion ($946.21 million), or C$3.72
per share, in the quarter ended March 31, from C$379.5 million,
or C$1.10 per share, a year ago.  urn:newsml:reuters.com:*:nCNWyNTmJa

($1 = 1.3739 Canadian dollars)

 (Reporting by Arunima Kumar and Shariq Khan in Bengaluru;
Editing by Maju Samuel)
 ((Shariq.Khan@thomsonreuters.com; Within U.S.+1 646 223 8780,
outside U.S. +91 80 6182 2681; Twitter: @shariqrtrs))
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