Canopy Growth’s fourth-quarter net revenue down 25% from year ago

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Net revenue in what was Canopy’s fourth quarter totalled $111.8 million, down from $148.4 million in the same quarter last year

The drop in revenue came as the company’s global cannabis net revenue fell to $66 million in its latest quarter compared with $101.3 million a year earlier.Canopy chief executive David Klein says the company will remain focused on building its market share in the key segments that will drive profitable growth and continuing to grow its premium brands across North America.

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