Canopy Growth Corporation(TSX:WEED) (NASDAQ:CGC) announced its financial results on Friday for the second quarter of fiscal 2025, which ended Sept. 30, 2024.

The Canadian cannabis giant reported a9% year-over-year decrease in net revenue to CA$63 million($45.4 million). Canopy said excluding net revenue from businesses divested during the prior fiscal year, net revenue increased 3%.

David Klein,the company's CEO, said the company "delivered a solid second quarter led by strong growth across our Storz & Bickel, Canadian medical, and European cannabis businesses," adding Canopy is "well positioned to accelerate momentum in the second half of our fiscal year."

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