Canopy Growth management commentary attributes wider Q2 FY2027 net loss to swing in other income and expenses
Bitget2026/11/06 15:08- Canopy Growth management commentary attributed its fiscal second-quarter 2027 net loss of CAD 40.7 million primarily to unfavorable fair-value movements and higher operating expenses.
- Revenue rose 22% to CAD 81.37 million, driven by the MTL acquisition, insured medical customer growth and stronger European cannabis sales.
- Gross margin fell to 29% from 33%, primarily reflecting reduced medical cannabis reimbursement rates; acquired inventory step-up costs also weighed.
- Adjusted EBITDA loss narrowed to CAD 2.88 million from CAD 3.05 million as cannabis revenue growth and cost savings offset reimbursement pressure.
- Quarterly free cash outflow declined to CAD 15.55 million from CAD 19.21 million, primarily reflecting working capital timing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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