DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Chris Wattie - 2 Judy Hong - 2 Sourasis Bose - 2 Shounak Dasgupta - 1 Shinjini Ganguli - 1 Shilpi Majumdar - 1
Top related locs:
Smiths Falls , Ontario Canada Bengaluru United States , Ontario BioSteel Verona , Virginia
Top related orgs:
REUTERS - 2 U.S . Securities - 2 Thomson - 2 Exchange - 1 Holdings - 1 Wana - 1 Exchange Commission - 1

Search resuls for: "Judy Hong"


3 mentions found


☆ Canopy Growth's second-quarter core loss narrows on easing costs
  + stars: | 2023-11-09 | by ( Sourasis Bose | ) www.reuters.com   time to read: +2 min
A sign featuring Canopy Growth Corporation's logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018 .Picture taken January 4, 2018. REUTERS/Chris Wattie/File Photo Acquire Licensing RightsNov 9 (Reuters) - Pot producer Canopy Growth (WEED.TO) reported a smaller second-quarter adjusted core loss on Thursday on the back of cost cuts. Canopy Growth said it cut another C$54 million in costs during the reported quarter. The company's adjusted core loss narrowed to C$11.9 million ($8.62 million) for the three months ended Sept. 30, compared with a loss of C$56.4 million a year earlier. Canopy Growth's net revenue fell 21% to C$69.6 million in the quarter as the company exited its retail Canadian business.
Persons: Chris Wattie, Judy Hong, Sourasis Bose, Shounak Dasgupta Organizations: REUTERS, U.S . Securities, Exchange, Holdings, Wana, Thomson Locations: Smiths Falls , Ontario, Canada, United States, Bengaluru
☆ Canopy Growth posts smaller Q1 core loss, reiterates going concern doubts
  + stars: | 2023-08-09 | by ( Sourasis Bose | ) www.reuters.com   time to read: +2 min
A sign featuring Canopy Growth Corporation's logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018 . REUTERS/Chris Wattie/File PhotoAug 9 (Reuters) - Canopy Growth (WEED.TO) again raised doubts about its ability to stay afloat as the Canadian pot producer's loss-making streak continued in the first quarter. Canopy had first raised the going concern doubts in June. The company is also facing an investigation from the U.S. Securities and Exchange Commission over the reporting of revenue from BioSteel. The company's adjusted core loss narrowed to C$57.8 million for the three months ended June 30, compared with a loss of C$79 million a year earlier, aided by cost reduction.
Persons: Chris Wattie, Judy Hong, Sourasis Bose, Shinjini Ganguli, Shilpi Majumdar Organizations: REUTERS, U.S . Securities, Exchange Commission, Thomson Locations: Smiths Falls , Ontario, Canada, , Ontario, BioSteel, Verona , Virginia, Bengaluru
☆ Canopy Growth sheds assets in Canada, plans more layoffs
  + stars: | 2023-02-09 | by ( ) www.reuters.com   time to read: +1 min
Feb 9 (Reuters) - Canopy Growth Corp (WEED.TO) said on Thursday it would shed assets in Canada and reduce its workforce by about 60% as part of the pot producer’s efforts to reduce costs and turn profitable. U.S.-listed shares of Canopy tumbled nearly 9% in premarket trade after the company also reported a bigger quarterly loss. The company has been cutting costs through layoffs, exit from some international markets, store closures and divestiture of its retail business across Canada. Hong said the company expects to deliver at least quarterly breakeven adjusted EBITDA in its Canadian cannabis business in fiscal 2024. The Ontario-based company's adjusted core loss widened to C$87.5 million ($65.29 million) in the quarter ended Dec. 31, from C$67.4 million a year earlier.
0 next >>
Total: 3