Smiths Falls-based cannabis firm reported a net loss of nearly $700 million in its fourth quarter, down from a loss of $1.3 billion in the same quarter last year.
Purchase marks Canopy's latest move as it watches to see whether the U.S. loosens laws around marijuana following the election of President Joe Biden.
The loss amounted to $2.43 per diluted share for the quarter ended Dec. 31, compared with a loss of $109.6 million or 26 cents per share a year earlier.
Canopy Growth Corp. is orchestrating a massive overhaul involving a layoff of 500 workers and a multimillion-dollar writedown
Canopy Growth Corp. says it's planning further cost cuts as it reported a $124.17-million loss in its third quarter of 2020, though that was less than analysts had expected
The company says work to scale up to commercial production is not complete and it is delaying the launch date while it completes the final steps
Canopy Growth Corp.'s appointment of a veteran Constellation Brands executive as its new chief executive gave the cannabis producer's shares a lift on Monday
The chief financial officer of Canopy Growth Corp.'s largest shareholder has been appointed chair of the cannabis company's board of directors amid an ongoing shakeup in its executive ranks