1170 days ago • Posted by William Ramstein
Cannabis giant Canopy stock surges 12%
Canopy Growth shares surged nearly 12% Tuesday as the Canadian cannabis giant reported better than expected results in its latest quarter and delivered unexpected and upbeat guidance for investors. Revenue jumped more than 23% over the same quarter last year to top C$152 million ($119.6 million USD) and the company reported its third straight quarter of shrinking losses. Perhaps even more importantly, Canopy also returned to issuing forward guidance to point toward projected adjusted profitability by the back half of the company’s next fiscal year - Yahoo
