Aug 14 (Reuters) - Canopy Growth Corp, Canada’s largest cannabis company, reported a bigger quarterly loss on Wednesday, as it took a one-time charge of C$1.2 billion related to the expiry of warrants held by Constellation Brands, which holds a major stake in the company.
The Smith Falls, Ontario-based company’s net loss widened to C$1.28 billion ($961.32 million), or C$3.70 per share, in the first quarter ended June 30, from C$91 million, or 40 Canadian cents per share, a year earlier.
Net revenue rose to C$90.5 million from C$25.9 million. ($1 = C$1.33) (Reporting by Debroop Roy in Bengaluru; Editing by Maju Samuel)
Our Standards: The Thomson Reuters Trust Principles.