Canopy Growth Reports Second Quarter Fiscal Year 2025 Financial Results
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Canopy Growth Corporation reported its Q2 FY2025 financial results, highlighting a 32% increase in net revenue for Storz & Bickel and growth in medical cannabis revenue by 16% in Canada and 12% internationally. The company also improved its balance sheet by reducing its senior secured term loan by US$100 million.
November 08, 2024 | 12:15 pm
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Canopy Growth's Q2 FY2025 results show strong revenue growth in key segments and a significant debt reduction, indicating financial health improvements.
The 32% revenue increase for Storz & Bickel and growth in medical cannabis revenue indicate strong operational performance. The US$100M debt reduction improves the financial stability of Canopy Growth, likely leading to positive investor sentiment and a potential short-term stock price increase.
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