Canopy Growth posts $1,206 million in net loss of $822 million

Gross debt was $1,206 million at December 31, 2022, a decline of CA $295 million from CA $1,501 million at March 31, 2022.

Based on our current revenue run rate and these cost reduction initiatives, management reiterates its expectation to achieve positive adjusted EBITDA in FY 2024, with the exception of investment in BioSteel.

Canopy Growth is committed to remaining on the TSX and Nasdaq and continues to improve its U.S. strategy through Canopy USA, LLC.

Canopy Growth shares were trading 8.76% lower at $2.5 during Thursday s pre-market session.

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