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Company News

Pot company Canopy Growth reports bigger loss

Nov 14 (Reuters) - Canopy Growth Corp reported a bigger quarterly loss on Thursday, as the Canadian pot producer was hit by restructuring and inventory charges as part of its portfolio review.

The Ontario-based company reported a wider net loss of C$374.6 million ($283.12 million), in the second quarter ended Sept. 30, from C$330.6 million, a year earlier.

On per share basis, the company reported a loss of C$1.08.

Net revenue rose to C$76.6 million from C$23.3 million.

$1 = 1.3231 Canadian dollars Reporting by Shanti S Nair in Bengaluru; Editing by Shinjini Ganguli

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