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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 1hot-techwomanon Nov 12, 2024 8:18am
109 Views
Post# 36307900

Good for the Market , DJ Cronos swings Profit :) $$$$

Good for the Market , DJ Cronos swings Profit :) $$$$

DJ Cronos Swings to Profit On Rise in Cannabis Flow, Extract Sales

Tuesday, November 12, 2024, 8:01 AM ET
 
 	

By Robb M. Stewart
 	

Cronos Group swung to a profit in the last quarter on the back of record revenue as cannabis company saw increased flower and extract sales in Canada and growth in international markets.

Cronos recorded a third-quarter profit of $7.3 million, or 2 cents a share, against a year-earlier loss of $1.6 million.

Revenue for the Toronto-based company, whose brand portfolio includes Spinach, Peace Naturals and Lord Jones's, increased 38% for the three months to $34.3 million.

In addition to increased sale in its home market, Cronos said it saw higher cannabis flower sales in Israel during the quarter and sales to Australia, Germany and the U.K.

Chairman, President and Chief Executive Mike Gorenstein said international demand continues to rise, particularly in markets such as Germany, the U.K., and Australia.

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