Canopy Growth Narrows Losses Amid Strategic Overhaul

The Canadian cannabis producer Canopy Growth is making measurable progress in its journey toward profitability. Recent quarterly results reveal a company halving its net loss while navigating a challenging international landscape. All eyes are now on an impending acquisition that could solidify its recovery path.

For its third fiscal quarter of 2026, ended February 6, Canopy Growth reported a dramatic 49% year-over-year reduction in its net loss. This improvement underscores the impact of a stringent cost-cutting program. The company has realized annualized savings of approximately 29 million Canadian dollars (CAD), exceeding its own targets.

Furthermore, the adjusted EBITDA loss contracted by 17% to just 3 million CAD, bringing the firm tantalizingly close to breakeven on Read more...