Canopy Growth Stock Is Falling as Earnings Disappoint Wall Street | Barron's

2022-05-27 23:46:37 By : Ms. Cindy Kong

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https://www.barrons.com/articles/canopy-growth-stock-loss-51653665961

Canopy Growth stock is plummeting after the marijuana company delivered financial results that fell short of expectations.

The Canadian cannabis company (ticker: CGC) posted a per-share loss of 1.46 Canadian dollars (US$1.15) for its fiscal fourth quarter, while analysts had expected a loss of 30 Canadian cents, according to FactSet. Net revenue for the three months ended in March was C$111.8 million, below analysts’ expectations of C$130 million.

Canopy Growth stock is plummeting after the marijuana company delivered financial results that fell short of expectations.

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