Canopy Growth Reports Full Year and 4th Quarter Fiscal 2020 Financial Results; Provides Strategic Review Update
Smiths Falls, Ontario (ots/PRNewswire) - Generated Net Revenue of $399 million in FY 2020, up 76% over FY 2019
In connection with previously announced organizational and strategic review, recorded impairment and restructuring charges of $743 million; the majority of which are non-cash charges
Gross Margin of (85)% in Q4 FY2020; excluding restructuring and other charges, achieved Adjusted Gross Margin of 42%
Net Loss of $1.3 billion; Adjusted EBITDA loss of $102 million in Q4 2020
Canopy Growth Corporation ("Canopy!-->…