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Cannabis producer Canopy Growth posts smaller loss in third quarter

Feb 9 (Reuters) - Canopy Growth Corp’s aggressive cost-cut measures and increased demand for cannabis products during the lockdowns helped the world’s largest pot producer report a smaller third-quarter adjusted loss on Tuesday.

The company posted a adjusted loss before interest, taxation, depreciation and amortization of C$68.4 million ($53.70 million) for the three months ended Dec. 31, compared with C$97 million, a year earlier. ($1 = 1.2737 Canadian dollars) (Reporting by Arunima Kumar and Shariq Khan in Bengaluru; Editing by Arun Koyyur)

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