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Benzinga
Benzinga
Business
Vuk Zdinjak

Canopy Growth Q2 2023 Revenue Grows 7% Sequentially, Another Record Quarter For BioSteel

BioSteel Canopy Growth Corporation

Canopy Growth Corporation (NASDAQ:CGC) (TSX:WEED) Q2 FY2023 net revenue was CA$118 million ($87.8 million), a 10% decrease compared to Q2 FY2022. The decrease is primarily attributable to increased competition in the Canadian adult-use cannabis market, the divestiture of C³ Cannabinoid Compound Company GmbH, and softer performance from This Works, offset by revenue growth at BioSteel.

Q2 2023 Financial Highlights

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