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Canopy Growth: Q2 Net Revenue Drops 9% YoY, Projects Positive Earnings Ahead
Friday, November 8, 2024 - 9:59am | 712Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) announced its financial results on Friday for the second quarter of fiscal 2025, which ended Sept. 30, 2024. The Canadian cannabis giant reported a 9% year-over-year decrease in net revenue to CA$63 million ($45.4 million). Canopy said excluding net...
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Canopy Growth Slashes Debt With $100M Loan Prepayment, Saves $14M In Interest
Thursday, October 17, 2024 - 9:33am | 453Cannabis giant Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) has made an early payment of $100 million on its senior secured loan at a discounted price of $97.5 million. This move reduces the company’s debt and saves around $14 million in annual interest costs, while highlighting its...
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Canopy Growth To Consolidate Shares To Meet NASDAQ Requirements
Wednesday, December 13, 2023 - 10:39am | 575Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) announced on Wednesday that its board of directors has approved the consolidation of its issued and outstanding common shares based on one post-consolidation common share for every ten pre-consolidation common shares. The consolidation, which was...
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Cannabis Giant Canopy Growth Sells Its Sports Drinks Unit For $30.4M
Friday, December 1, 2023 - 10:28am | 365Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) announced on Friday that it has closed the sale of BioSteel Canada and BioSteel Manufacturing, LLC for gross proceeds of $30.4 million. The sale of “substantially all” of the assets of BioSteel Canada to the Coachwood Group as...
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Cannabis Giant Canopy Growth Ditches Sports Drinks Unit, Finds Buyers For BioSteel
Friday, November 17, 2023 - 12:05pm | 499Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) said on Friday that under the companies' Creditors Arrangement Act involving BioSteel Sports Nutrition Inc., the Ontario Superior Court of Justice has approved two transactions to sell all or substantially all of the assets of BioSteel Canada...
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Canopy Growth's Strategy To Deleverage Balance Sheet By $437M And Enhance Financial Flexibility
Friday, July 14, 2023 - 3:58pm | 784Canopy Growth Corp. (TSX: WEED) (NASDAQ: CGC) announced measures to enhance its financial flexibility and reduce its debt. The company has entered into a series of agreements, including redemption agreements with certain holders of its unsecured senior notes and agreements with lenders...
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Canopy Growth Completes Conversions Pursuant To $100M Convertible Debentures
Monday, July 3, 2023 - 7:42am | 479Canopy Growth Corporation (NASDAQ: CGC) (TSX:WEED) announced that all conversions pursuant to the $100 million senior unsecured convertible debentures, sold to an institutional investor in February 2023, have been completed. Since the beginning of fiscal 2023, Canopy Growth has completed numerous...
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Canopy Growth To Equitize $9.4M Of Notes
Friday, June 30, 2023 - 7:45am | 329Canopy Growth Corporation (NASDAQ: CGC) (TSX:WEED) has entered into privately negotiated exchange agreements with certain holders of the company's outstanding 4.25% unsecured senior notes due 2023, to acquire CA$12.5 million ($9.4 million) aggregate principal amount of the notes from the...
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Canopy Growth Q2 2023 Revenue Grows 7% Sequentially, Another Record Quarter For BioSteel
Wednesday, November 9, 2022 - 9:03am | 678Canopy Growth Corporation (NASDAQ: CGC) (TSX:WEED) Q2 FY2023 net revenue was CA$118 million ($87.8 million), a 10% decrease compared to Q2 FY2022. The decrease is primarily attributable to increased competition in the Canadian adult-use cannabis market, the divestiture of C³ Cannabinoid...
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Canopy Growth Reduces Debt By $203.6M
Tuesday, July 19, 2022 - 8:00am | 625Canopy Growth Corporation (NASDAQ: CGC) (TSX:WEED) has closed its exchange transaction of certain 4.25% unsecured notes due 2023 in order to reduce its debt obligations by approximately CA$263 million (approximately $203.6 million). Constellation Brands, Inc. ("CBI") (NYSE: STZ), through...
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Canopy Growth Announces Cost Reduction To Accelerate Profitability, Including Lay Offs
Tuesday, April 26, 2022 - 9:10pm | 431Canopy Growth Corp. (TSX: WEED) (NASDAQ: CGC) announced that it is undertaking a series of initiatives, including layoffs, to reduce costs and drive efficiency in order to accelerate its path to profitability. Aligned to Canopy Growth’s FY23 strategic review, the Company announced...
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Canopy Growth Makes Management Changes, Creates New Strategic Roles
Thursday, March 31, 2022 - 11:14am | 470Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) appointed Judy Hong and Jonathan Di Tosto to its executive management team, along with the creation of four new strategic roles within its senior leadership team. Effective immediately, Judy Hong has been appointed as the company's...
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Why Canopy Growth Shares Are Trading Higher Today
Wednesday, February 9, 2022 - 10:20am | 244Canopy Growth Corp (NASDAQ: CGC) is trading higher Wednesday morning after the company announced its fiscal third-quarter financial results. Canopy Growth reported quarterly revenue of CAD$155 million ($122.14 million), which was down from CAD$169.9 million year-over-year. The company...
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Canopy Growth Stock Up On Reporting Q3F22 Revenue Of $111M Down By 8% YoY
Wednesday, February 9, 2022 - 8:17am | 609CANOPY GROWTH REPORTS THIRD QUARTER FISCAL 2022 FINANCIAL RESULTS Canopy Growth Corporation (TSX:WEED) (NASDAQ: CGC) announced its financial results for the third quarter fiscal 2022 ended December 31, 2021. All financial information in this press release is reported in Canadian...
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Canopy Growth Says Goodbye To Its Chief Financial Officer And Chief Product Officer
Friday, November 19, 2021 - 12:30pm | 511Canadian cannabis giant Canopy Growth (TSX: WEED) (NASDAQ: CGC) announced Friday that it is undertaking some strategic changes to its executive management committee - effective immediately. Mike Lee, executive vice president and chief financial officer, and Rade Kovacevic, president and chief...