Canopy Growth Stock Falls After Disappointing Earnings, Slowing Sales
CGCCanopy Growth(CGC) Investopedia·2024-08-10 05:51

Key TakeawaysCanopy Growth Corporation shares dropped Friday after reporting worse-than-expected earnings.Revenues came in 13% lower than a year earlier and net loss widened substantially.Canadian adult-use cannabis sales for the company decreased, offset by an increase in medical cannabis sales Canopy Growth Corporation (CGC) shares dropped Friday after the company’s first-quarter fiscal 2025 earnings fell significantly short of expectations. The cannabis producer’s revenue of 66.2 million Canadian dollars ...