Canopy Growth sees 7% Q4 net revenue increase, with Storz & Bickel subsidiary's net revenue jumping 43% YoY, and Canada's cannabis net revenue up 4%.
Canopy Growth reported a 7% increase in Q4 net revenue, with their Storz & Bickel subsidiary's net revenue surging 43% YoY to CA$22m. Canada's cannabis net revenue increased 4% YoY, led by a 16% increase in the medical cannabis business. The company aims for positive Consolidated Adjusted EBITDA and plans to capitalize on positive cannabis regulatory shifts in Germany and the UK.
May 30, 2024
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