Shares of Canopy Growth jumped 20% Friday to $23.70 after the Canadian cannabis company reported a narrower-than-expected fiscal third-quarter loss as revenue topped analysts' estimates. "In Q3 we executed across Canada, in our international markets and in our strategic acquisitions to drive revenue growth," said David Klein, the company's new CEO. Canopy Growth said that it is the market leader in Canada's recreational cannabis market with an estimated 22% share driven by demand for both premium and value-priced dried flower and pre-rolled joints. Read More...
Shares of Canopy Growth jumped 20% Friday to $23.70 after the Canadian cannabis company reported a narrower-than-expected fiscal third-quarter loss as revenue topped analysts’ estimates. “In Q3 we executed across Canada, in our international markets and in our strategic acquisitions to drive revenue growth,” said David Klein, the company’s new CEO. Canopy Growth said that it is the market leader in Canada’s recreational cannabis market with an estimated 22% share driven by demand for both premium and value-priced dried flower and pre-rolled joints.
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