Canopy Growth sees $2-billion net loss as Ontario cannabis company takes large writedown

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Canopy Growth Corp. says the net loss in its first quarter compared to net earnings of more than $389 million at the same time last year

Canopy Growth Corp. saw a net loss of more than $2 billion in its most recent quarter, which it attributed to a $1.72 billion writedown.

The net loss for the period ended June 30 amounted to a loss of $5.23 per diluted share compared to a loss of 84 cents per share in the second quarter of 2021. The impairment charge was linked to its pot operations and came as its recreational business-to-business cannabis sales fell 38 per cent since last year because of price compression and increased competition.

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'Canopy Growth [formerly Tweed] sees $2-billion net loss' All the Liberal friends made millions off of government cornering the pot market, including Justin's new pal Brian Mulroney, and that's all that matters.

Garbage cannabis. Selling stale old cannabis what did they expect . Cannabis is a plant that needs love ❤️ 😍 💖 not big warehouse grows .

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