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Canopy Growth Cost Cuts Help Beat First-Quarter Estimates

Canopy Growth shares were higher on Monday after the cannabis company reported a narrower-than-expected loss but came up short of revenue estimates. The company is "seeing market-share improvement, notably achieving number one market share in cannabis-infused beverages in the Canadian market," Chief Executive David Klein said in a statement. Canopy Growth shares were up 10% to $18.35 at last check. Read More...

Canopy Growth shares were higher on Monday after the cannabis company reported a narrower-than-expected loss but came up short of revenue estimates. The company is “seeing market-share improvement, notably achieving number one market share in cannabis-infused beverages in the Canadian market,” Chief Executive David Klein said in a statement. Canopy Growth shares were up 10% to $18.35 at last check.

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