Home World News Cannabis stock plunges on Canopy Growth’s disappointing results

Cannabis stock plunges on Canopy Growth’s disappointing results

0

Cannabis stock plunges on Canopy Growth's disappointing resultsCanopy Growth’s share price plunged Friday after it released disappointing financial results, despite surging sales of cannabis — eight months after recreational pot was legalized in Canada. Excluding exceptional items, the quarterly loss was equivalent to Can$0.98 a share, four times higher than analysts had expected. In Canada, Canopy also operates a network of 23 stores under the “Tweed” and “Tokyo Smoke” brands in four provinces.

Source: Yahoo.com