Canopy Growth's strong quarterly revenues indicate that the company is already an early leader in Canada's marijuana market, an analyst says.
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Canopy Growth is rallying after beating on revenue, thanks to huge legal-marijuana sales in CanadaShares of Canopy Growth were up 5.57% to $48.69 apiece early Friday after the company reported Q3 revenue that topped Wall Street's expectations.
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Canopy Growth revenue beats expectations, rises 283% as it reports earnings
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Canopy Growth shows surging pot sales in late-arriving earnings reportThe largest pot company by market value, Canopy Growth Corp., reported a 283% increase in quarterly revenue as marijuana became legal in Canada, but earnings were slammed by paper losses, according to a securities filing late Thursday evening.
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Stocks making the biggest moves midday: XPO Logistics, Nvidia, Canopy & more
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Coca Cola slides after issuing a disappointing growth forecastCoca Cola dropped on Thursday after the company posted in-line earnings for the fourth quarter and provided a weak profit outlook.
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