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Warner Bros. Discovery 'always looking at opportunities' amid Paramount buyout talks

Canopy Has Global Potential Amid Foggy U.S. Market

Morningstar
Canopy Has Global Potential Amid Foggy U.S. Market

On Nov. 14, Canopy CGC reported second-quarter results highlighted by product mix challenges due to an unexpected and dramatic hit to revenue and profits. After overproducing oil and softgel for the Canadian recreational market, the company had to accept returns and price reductions that led to a CAD 33 million restructuring charge. Kilogram equivalents sold increased 397% year over year to 10,913 kilograms, which the Canadian recreational market and international medical market boosted.

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