Canopy Growth Corporation Reports Net Loss in Q2 2023
Revenue Increases for Canopy Growth Corporation Despite Net Los
By USInMinutes
Published - Aug 16, 2023, 03:56 PM ET
Last Updated - Aug 22, 2024, 03:32 AM EDT
Canopy Growth Corporation,(CGC) a leading Canadian cannabis comp any, has released its condensed interim consolidated financial statements for the second quarter of 2023. Despite reporting an increase in revenue, the company has also revealed a net loss for the quarter. The financial data highlights the company's performance, including its balance sheets, statements of operations and comprehensive loss, statements of shareholders' equity, and statements of cash flows.
Net Income/Loss
Canopy Growth Corporation faced a net loss of $41.9 million in the second quarter of 2023. This loss represents a significant decrease compared to the same period in the previous year.
Revenue
