Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) released its Q2 FY2024 financial results late Thursday.
Canopy Growth Q2 FY2024 Results
- Net Revenue: Canopy Growth reported net revenue of $70 million, showcasing significant YoY growth.
- Gross Profits and Margin: The company achieved a consolidated gross margin of 34% in Q2 FY2024, a substantial turnaround from (1%) in Q2 FY2023. Canadian cannabis gross margins also improved to 36%.
- Cost Reduction: The company <a …