Canopy Growth Corp. posted a larger loss in its latest quarter compared with a year ago as its revenue declined.
The cannabis producer says its loss attributable to the company amounted to $127.1-million or $1.60 per diluted share for the quarter ended June 30.
The result compared with a loss of $38.1-million or 69 cents per diluted share a year earlier.
Revenue for the first quarter of the company’s 2025 financial year totalled $75.8-million, down from $88.6-million in the same quarter last year.
Net revenue was $66.2-million, down from $76.3-million, mostly due to the impact of divested businesses.
Canopy says its adjusted earnings before interest, taxes, depreciation and amortization amounted to a loss of $5.3-million in its latest quarter compared with a loss of $23-million a year earlier.