(Canopy Growth) Canopy Growth posted a net loss of $115.5 million in the third quarter of 2022, down from a net loss of $829.3 million in the prior year.
Net revenue in the third quarter was reported at $140.97 million, a decline from net revenue of $152.53 million in the prior year.
The company’s global cannabis net revenue was $83 million, a decline of 20% from the third quarter of FY21.
Gross margin was reported at 7% in the third quarter of 2022, a decline from 16% in the comparable quarter of FY21.
Canopy recorded an adjusted EBITDA loss of $67 million in the third quarter, a $1 million improvement from the comparable quarter of FY21.
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