Canopy Growth Reports Losses in the Second Quarter
On November 14, Canopy Growth (WEED) reported its second-quarter earnings. The company reported revenues of 23 million Canadian dollars, which grew nearly 33% YoY (year-over-year) from 17.6 million Canadian dollars. Other cannabis companies (MJ) reported their earnings earlier this week. Aurora Cannabis (ACB) (ACBFF) reported sales growth of 258%. Tilray (TLRY) reported revenue growth of 60% YoY, while Cronos Group (CRON) reported revenue growth of 187% YoY.