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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a range of cannabis, hemp, and cannabis related products in Canada. International markets cannabis segment includes the production, distribution, and sale of a range of cannabis and hemp products internationally. Storz & Bickel segment includes the production, distribution, and sale of vaporizers. This Works segment includes the production, distribution and sale of beauty, skincare, wellness and sleep products.


TSX:WEED - Post by User

Post by Blue55000000on Jun 28, 2023 6:32pm
267 Views
Post# 35519483

Canopy Growth says KPMG has resigned as its accounting firm

Canopy Growth says KPMG has resigned as its accounting firm

Canopy Growth says KPMG has resigned as its accounting firm

Last Updated: June 28, 2023 at 11:32 a.m. ET
First Published: June 27, 2023 at 5:16 p.m. ET

Canadian pot producer Canopy Growth Corp. CGC on Tuesday said that KPMG had resigned as its independent accountant, according to a filing. The resignation took hold on June 22. Canopy over recent days has disclosed doubts about its ability to keep operating as a “going concern” as its debts come due, and said it faces an SEC investigation over sales misstatements in its BioSteel sports-drink segment. The company, in a statement, said KMPG’s departure had “been underway for some time and is not related to the restatement of BioSteel revenues but reflects a joint decision between Canopy Growth and KPMG.” That statement continued: “We are pleased to welcome PKFOD as our accounting firm for fiscal 2024 and remain focused on our ongoing actions to strengthen Canopy’s balance sheet and advance towards profitability.” Canopy, like other Canadian cannabis producers, has faced losses following overexpansion and increased competition. Shares were


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