The cash-strapped sector has in recent months also attracted capital and renewed investor interest thanks to a wave of state-level legalization and potential federal marijuana reform in the United States. Canopy, which has told investors it would turn profitable in the current fiscal year, said its adjusted gross margin improved by 1,400 basis points from a year earlier to 21%. The company posted an adjusted core loss of C$63.6 million ($50.85 million) for the three months ended June 30, compared with a C$94 million loss in the fourth quarter.
Powered by WPeMatico