After the conclusion of trading on U.S. markets on Wednesday, the cannabis business Canopy Growth released its key numbers for the most recent quarter of the year.
Canopy Growth reported a loss of CAD 0.07 per share for the first quarter of the fiscal 2024 period. As a result, the loss was substantially lower (-5.24 CAD) than it had been during the same quarter the year before. Prior to this, analysts had predicted EPS of -CAD 0.187.
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The business outperformed analysts’ predictions of CAD 90 million in revenue. As a consequence, Canopy reported revenues of CAD 121.112 million, up from CAD 118.667 million during the comparable period in 2016.
In after-hours trading, Canopy Growth’s NASDAQ-listed stock is momentarily trading 1.5 percent higher at $0.4749.
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