Canopy Growth Stock News: What's Going On With CGC Stock Today?
CGCCanopy Growth(CGC) Investor Place·2024-08-10 02:48

Canopy Growth (NASDAQ:CGC) is among the top Canada-based cannabis producers that investors are watching for clues on how the overall legal marijuana market is performing. Today’s decline of more than 8% in CGC stock suggests continued weakness may be forthcoming.The cannabis producer reported revenue for the 2025 fiscal year of 75.8million,whichwasdownsignificantlyfromlastyearstotalofmorethan75.8 million, which was down significantly from last year’s total of more than 88 million. Even worse, Canopy reported that its net loss ballooned to 127.1million,or127.1 million, or 1.60 per d ...