Canopy Growth Corporation (CGC)
Canopy Growth Corporation (CGC) Reports Q1 Loss, Lags Revenue Estimates
Canopy Growth Corporation (CGC) came out with a quarterly loss of $0.37 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to loss of $0.40 per share a year ago.
Canopy Growth shares slump on widening quarterly loss, revenue miss
Canopy Growth Corporation (TSX:WEED, NYSE:CGC) shares slipped almost 10% after it posted a widening loss for the fiscal first quarter and revenue fell short of expectations. The Smith Falls, Ontario-based cannabis producer posted a net loss of $127.1 million or C$1.60 per share, up from a loss of C$38.1 million of C$0.69 per share in the year-ago quarter.
Canopy Growth posts smaller-than-expected core loss as costs drop
Canadian pot firm Canopy Growth reported a smaller-than-expected core loss for the first quarter on Friday, helped by lower operating expenses and stronger demand for medical cannabis.
Canopy Growth posts wider loss as revenue falls
Canopy Growth Corp. CGC, +8.29% WEED, +7.60% said Friday its first-quarter loss widened to C$127.14 million ($92.7 million), or C$1.60 a share, from C$41.86 million, or C$0.69 a share in the year-ago quarter. Adjusted loss of C$1.63 a share fell short of the FactSet consensus estimate for a loss of 46 cents a share.
Canopy Growth Corporation (CGC) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
Canopy Growth (CGC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
3 Risky Stocks That Are Cash-Burning Machines
Canopy Growth's rate of cash burn has improved, but the cannabis company's lack of cash could be a growing concern for investors. Plug Power may no longer have a going concern warning, but there are still plenty of red flags surrounding its business.
Canopy Growth Corporation (CGC) Flat As Market Gains: What You Should Know
Canopy Growth Corporation (CGC) closed the most recent trading day at $7.60, making no change from the previous trading session.
Canopy Growth Corporation (CGC) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to Canopy Growth (CGC). This makes it worthwhile to examine what the stock has in store.
3 Marijuana Stocks For Investors To Trade Today
Marijuana stock investors are prepping for future trading. Many who are invested in cannabis are focused on the long term. With how volatile the sector can be there have been some moments to take profits. However, with the need for better regulations and all-around reform planning for the future is where many feel the money is. Currently, there is no federal reform in place even with the DEA's approval to reschedule cannabis.
Will Canopy Growth Still Be a Top Cannabis Stock in 5 Years?
Marijuana legalization would open up new opportunities for Canopy Growth. Large multi-state operators, however, would also benefit from any reform in the U.S. Constellation Brands has been distancing itself from Canopy Growth, and that could have dire consequences for the cannabis producer.
Why Canopy Growth Stock Jumped 9% on Monday
President Biden has been reluctant to legalize marijuana, but he won't be president much longer. Vice President Harris has been more vocal in support of marijuana legalization, and now has a chance at the top job.
Canopy Growth Corporation (CGC) Registers a Bigger Fall Than the Market: Important Facts to Note
Canopy Growth Corporation (CGC) closed the most recent trading day at $7.13, moving -1.25% from the previous trading session.
