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Canopy Growth Q2 Loss Widens

Canopy Growth Corp. (CGC, WEED.TO) reported that its second-quarter net loss attributable to the company widened to C$374.18 million from C$337.14 million in the prior year. But, loss per share narrowed to C$1.08 from C$1.52 in the prior year.

Net revenue for the quarter grew to C$76.61 million from C$23.33 million last year.

Analysts polled by Thomson Reuters expected the company to report a loss of C$0.39 per share and revenues of C$108.48 million for the second-quarter. Analysts' estimates typically exclude special items.

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