Analyst Note
| Kristoffer Inton |Operationally, Canopy Growth continued to make good progress towards profitability in the third quarter of fiscal 2021. Net revenue grew 23% over the prior year quarter to nearly CAD 153 million, with adjusted EBITDA losses narrowing 29% to CAD 68 million. The company remains in the middle of a major reorganization, as shown by a CAD 400 million impairment charge it recognized during the quarter.