Argentine energy company CGC announced on Friday that it will partner with state oil company YPF in a project located in the South American country's lucrative Vaca Muerta basin as a minority partner.
Zacks.com users have recently been watching Canopy Growth (CGC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Canopy Growth Corp.'s stock fell 9% to an all-time low on Monday after the cannabis company said it would sell up to $200 million of its stock.
Canopy Growth (CGC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Canopy Growth (CGC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Canopy Growth Corporation (NASDAQ:CGC ) Q3 2025 Earnings Conference Call February 7, 2025 10:00 AM ET Company Participants Tyler Burns - Director, IR Luc Mongeau - CEO Judy Hong - CFO Conference Call Participants Aaron Grey - Alliance Global Partners Bill Kirk - ROTH Capital Partners Matt Bottomley - Canaccord Genuity Frederico Gomes - ATB Capital Markets Pablo Zuanic - Zuanic & Associates Operator Good morning. My name is Joanna, and I will be your conference operator today.
Canopy Growth Corporation (TSX:WEED, NYSE:CGC) shares plummeted after the Ontario-headquartered cannabis producer reported a greater than forecast loss for the fiscal third quarter. For the December quarter, Canopy reported a loss of C$121.9 million, down from C$216.8 million for the same period in 2023.
Canopy Growth Corporation (CGC) came out with a quarterly loss of $0.76 per share versus the Zacks Consensus Estimate of a loss of $0.48. This compares to loss of $1.79 per share a year ago.
Canopy's stock reversed on earnings after seeing a rally sparked by the possibility of marijuana reform in the U.S.
Canopy Growth Corporation is likely to report weak financials when reporting FQ3 results on February 7. The company struggles with low gross margins of 35% and continues to burn cash, while a peer's results support strong growth in the international medical cannabis business. The recent acquisitions of Acreage Holdings and Wana Brands may boost revenue, but the profit picture remains bleak, with a new CEO likely to restructure the business.
In the latest trading session, Canopy Growth Corporation (CGC) closed at $1.97, marking a -1.01% move from the previous day.
Canopy Growth Corporation (CGC) closed at $2.22 in the latest trading session, marking a +0.91% move from the prior day.