May 29, 2020 / 11:17 AM / 2 months ago

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

May 29 (Reuters) - Pot producer Canopy Growth Corp 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. ($1 = 1.3739 Canadian dollars) (Reporting by Arunima Kumar and Shariq Khan in Bengaluru; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below