Canopy Growth prepares to release latest financial report

The cannabis leader is making the final adjustments to its most recent earnings statement

Canopy Growth, a diversified cannabinoid, and cannabis-based diversified consumer products company with global relevance, recently announced that August 6 will be the date when it will share its financial results for the first quarter of fiscal 2022, ended June 30, 2021. The idea is to be able to share this information before the financial markets begin to open on the day the information is made available. If this next quarter is anything like the last, Canopy Growth should show measurable gains.

Once the earnings release is finalized, Canopy Growth also announced that it will host an audio webcast with David Klein, CEO, and Mike Lee, executive vice president and CFO. The presentation will take place on the same day, beginning at 10:00 AM ET. Those unable to access the information on that day can do so via a replay that will be provided via webcast until 11:59 PM ET on November 4, 2021.

The financial reports and results related to the fourth quarter and fiscal year 2021 showed good things for Canopy Growth, and more of the same is expected. As previously indicated, the company has managed to achieve revenue growth of 37% in fiscal 2021, especially when it comes to cannabis and other consumer products businesses. The supply chain and quality improvements have made the business success achieve quite a considerable boost. In addition, Canopy Growth is still making every effort to achieve positive adjusted EBITDA in the second half of fiscal 2022.

“During fiscal 2021, Canopy Growth transformed into a CPG-modeled organization, reinforcing a foundation for sustained growth and long-term success. By leveraging consumer insights and innovation to deliver best-in-class products, Canopy Growth is positioned to achieve our goal of unleashing the power of cannabis to improve lives,” said Klein. “We are beginning to see strong momentum in all of our key businesses and remain firmly focused on capitalizing on U.S. opportunities in fiscal 2022.”