Advertisement

Canopy Growth Closes Nearly 8% Higher on Q1 Bottom-Line Beat

Canopy Growth Closes Nearly 8% Higher on Q1 Bottom-Line Beat

On Monday, they got a bit from one of the industry's top names, Canopy Growth (NYSE: CGC). On the top line, Canopy Growth's net revenue was 110.4 million Canadian dollars ($82.5 million), which was 2% higher than the preceding quarter, and 22% above the Q1 2020 tally. Canopy Growth's net loss for the period was CA$128 million ($96 million), or CA$0.30 ($0.22) per share.