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Canopy Growth Corporation (CGC) announced the filing of its Quarterly Report on Form 10-Q for the period ended December 31, 2023. The report highlighted a net revenue of $224.4 million, a decrease from the previous year's $265 million. The company's net loss from continuing operations was $389 million, an improvement from the prior year's $2.5 billion loss. Canopy Growth also reported on several strategic initiatives, including the creation of Canopy USA, LLC, a U.S.-domiciled holding company, and the divestiture of This Works. The company's Chief Executive Officer and Chief Financial Officer acknowledged a material weakness in internal control over financial reporting related to IT general controls but have developed a remediation plan. Additionally, the report mentioned legal proceedings, including a class action lawsuit alleging violations of U.S. federal securities laws and an ongoing SEC investigation related to the BioSteel segment's financial reporting. Canopy Growth's management is taking actions to address the material weakness and has implemented process and control improvements.
Canopy Growth Corporation (CGC) announced the filing of its Quarterly Report on Form 10-Q for the period ended December 31, 2023. The report highlighted a net revenue of $224.4 million, a decrease from the previous year's $265 million. The company's net loss from continuing operations was $389 million, an improvement from the prior year's $2.5 billion loss. Canopy Growth also reported on several strategic initiatives, including the creation of Canopy USA, LLC, a U.S.-domiciled holding company, and the divestiture of This Works. The company's Chief Executive Officer and Chief Financial Officer acknowledged a material weakness in internal control over financial reporting related to IT general controls but have developed a remediation plan. Additionally, the report mentioned legal proceedings, including a class action lawsuit alleging violations of U.S. federal securities laws and an ongoing SEC investigation related to the BioSteel segment's financial reporting. Canopy Growth's management is taking actions to address the material weakness and has implemented process and control improvements.
Canopy Growth Corporation（CGC）宣布提交截至2023年12月31日的10-Q表季度报告。该报告强调净收入为2.244亿美元，较上一年的2.65亿美元有所下降。该公司的持续经营净亏损为3.89亿美元，较去年的25亿美元亏损有所改善。Canopy Growth还报告了多项战略举措，包括成立在美国注册的控股公司Canopy USA, LLC以及剥离This Works。该公司首席执行官兼首席财务官承认与IT总体控制相关的财务报告的内部控制存在重大缺陷，但已经制定了补救计划。此外，该报告还提到了法律诉讼，包括指控违反美国联邦证券法的集体诉讼，以及美国证券交易委员会正在进行的与BioSteel板块财务报告有关的调查。Canopy Growth的管理层正在采取行动解决实质性弱点，并已实施了流程和控制方面的改进。
Canopy Growth Corporation（CGC）宣布提交截至2023年12月31日的10-Q表季度报告。该报告强调净收入为2.244亿美元，较上一年的2.65亿美元有所下降。该公司的持续经营净亏损为3.89亿美元，较去年的25亿美元亏损有所改善。Canopy Growth还报告了多项战略举措，包括成立在美国注册的控股公司Canopy USA, LLC以及剥离This Works。该公司首席执行官兼首席财务官承认与IT总体控制相关的财务报告的内部控制存在重大缺陷，但已经制定了补救计划。此外，该报告还提到了法律诉讼，包括指控违反美国联邦证券法的集体诉讼，以及美国证券交易委员会正在进行的与BioSteel板块财务报告有关的调查。Canopy Growth的管理层正在采取行动解决实质性弱点，并已实施了流程和控制方面的改进。
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