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Canopy Growth reports narrower loss, revenue dip, but beats estimates with medical cannabis growth.
Canadian cannabis firm Canopy Growth Corp. reported a narrower third-quarter loss of $121.9 million, down from $216.8 million a year ago.
Net revenue fell to $74.8 million from $78.5 million, but rose 8% excluding sold businesses, due to growth in medical cannabis, vaporizers, and international sales.
Despite the decline, the company saw a reduction in debt and outperformed revenue estimates.
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Canopy Growth reporta pérdidas más estrechas, descenso de ingresos, pero supera las estimaciones con el crecimiento de cannabis medicinal.