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Stocks in play: Canopy Growth Corporation

Baystreet.ca
·1 min read

Announced its financial results for the fourth quarter ended March 31, 2020. Net revenue in Q4 2020 decreased 13% versus Q3 2020 driven primarily by lower Canadian recreational revenue. Net loss of $1.3 billion in Q4 2020, primarily driven by impairment and restructuring charges, other impairment charges which were primarily identified during our annual impairment testing, and other non-cash fair value changes. Canopy Growth Corporation shares T.WEED are trading down $6.32 at $24.25.

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