Klein, Canopy to Realize ProfitKlein continues to see clear path to profit for Canopy's CDN operations, of which included ~$241mil in impairmrnts and restructuring in FY2022 report. Now with some time in the CEO chair he remains positive on profit realized for CDN operations....
The Canadian weed producer reported net revenue of C$111.8 million ($87.7 million) for the quarter ended March 31, down 25% from a year earlier. Analysts had expected C$131.6 million in revenue, according to data compiled by Bloomberg. There are still growing pains for the company and It will take some time for this significant shift in operations to be fully implemented, of which is normal for any company with major changes made and integrated. This on top of a brand new industry with major government interference. JMHO...Opt
Canopy CEO Sees ‘Clear Path’ to Canada Profit; Shares Tumble - BNN Bloomberg