What’s Going On With Canopy Growth Stock?
Canopy Growth Corporation (NASDAQ:CGC) shares are trading higher Wednesday. The company is set to report earnings before the opening bell on Friday.
The Details:
Canopy Growth will report its first-quarter financial results before the opening bell Friday and will host a conference call to discuss the results at 10:00 a.m. ET the same day. According to estimates from Benzinga Pro, analysts expect the company to report losses of 35 cents per share and quarterly revenue of $53.84 million.
Canadian cannabis peer, Tilray Brands Inc. (NASDAQ:TLRY), beat earnings and revenue expectations for its most recent quarter with cannabis net revenue increasing 12% and total revenue growing approximately 25% year-over-year.
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