Canopy Growth Corp. reported another steep year-end loss on Tuesday after writing off more than a half-billion dollars in impairment charges, while its fourth-quarter results fell below analyst expectations.
The Smiths Falls, Ont.-based company reported $148 million in revenue for the quarter, up 38 per cent from the same period a year earlier but down about three per cent from Q3 as COVID-19 restrictions broadly weighed on the Canadian cannabis industry. On a full-year basis, Canopy reported $546.6 million in revenue, up 37 per cent from a year earlier. Like all businesses in Canada, we had some COVID-19 headwinds ⦠but I think in general, if I look at the entire year, we re up 37 per cent in net sales, we remain on our pathway to profitability and we completed a transition year, said David Klein, chief executive officer at Canopy Growth, in a phone interview.
The Biden administration is unlikely to remove tariffs on Chinese goods in the short term, but China and the United States might find a middle ground by increasing tariff exclusions as a way to.
The Biden administration is unlikely to remove tariffs on Chinese goods in the short term, but China and the United States might find a middle ground by increasing tariff exclusions as a way to reduce tensions, a Chinese think-tank said. With even free trade advocates in the US lobbying that Washington should use tariff cuts .
Since the deadly US Capitol riot, the public and multiple congressional lawmakers have called for an in-depth investigation to examine the events that unfolded on.