Canopy Growth’s Loss Was Bigger Than Feared. The Stock Is Falling Hard.

1 month ago 10

Canopy Growth banal is plummeting aft the marijuana institution delivered fiscal results that fell abbreviated of expectations.

The Canadian cannabis institution (ticker: CGC) posted a per-share nonaccomplishment of 1.46 Canadian dollars (US$1.15) for its fiscal 4th quarter, portion analysts had expected a nonaccomplishment of 30 Canadian cents, according to FactSet. Net gross for the 3 months ended successful March was C$111.8 million, beneath analysts’ expectations of C$130 million.

“Achieving...

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