Canopy Growth Stock Sinks. It Will Take Longer to Achieve Profitability Than Expected.
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https://www.barrons.com/articles/canopy-growth-cgc-stock-earnings-51636121373
Updated Nov. 5, 2021 10:30 americium ET / Original Nov. 5, 2021 10:10 americium ET
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Canopy Growth sank Friday aft the Canadian cannabis institution reported a narrower fiscal second-quarter nonaccomplishment but pushed retired its profitability people date.
The institution posted an adjusted second-quarter nonaccomplishment of 3 cents a Canadian stock vs. a year-earlier nonaccomplishment of 9 cents. The nett nonaccomplishment was C$16.3 million, narrower than a nonaccomplishment of C$96.5 cardinal past year. Canopy Growth (ticker: CGC) attributed the narrower nonaccomplishment to little expenses successful the quarter.
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