Canopy growth reports fourth quarter and fiscal year 2023 financial results

Business transformation and cost reduction actions initiated in fy2023 expected to drive overall cost reduction of $240-$310 million by the end of fy2024    actions to strengthen balance sheet have reduced overall debt position by approximately $500 million from q2 fy2023 to quarter-to-date in q1 fy2024 and are anticipated to generate proceeds of up to $150 million from facility divestitures by the end of q2 fy2024  revised proxy statement filed with modifications to the structure of canopy usa in order to maintain compliance with nasdaq listing requirements while preserving strategic benefits smiths falls, on , june 22, 2023 /prnewswire/ - canopy growth corporation ("canopy growth" or the "company") (tsx: weed) (nasdaq: cgc) today announced its financial results for the fourth quarter and fiscal year ended march 31, 2023 and the filing of an annual report on form 10-k, including the audited consolidated financial statements for the fiscal year ended march 31, 2023 and the unqualified report thereon of the company's independent registered public accounting firm. all financial information in this press release is reported in canadian dollars, unless otherwise indicated.
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