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CGC - Canopy Growth News Story

$14.4 0.2  1.4%

Last Trade - 7:15pm

Sector
Healthcare
Size
Large Cap
Market Cap £4.10bn
Enterprise Value £3.42bn
Revenue £244.1m
Position in Universe 1086th / 6407

BUZZ-Canopy Growth: Jumps on smaller-than-expected loss

Mon 10th August, 2020 2:15pm
** U.S. shares of Canadian pot producer  CGC.N   WEED.TO   
rise 17.9% to $19.4 in premarket trade
    ** Posts net loss of $128 mln in Q1 2021, $66 mln narrower
than 2020, driven by higher revenue   urn:newsml:reuters.com:*:nPn2xFPzTa
    ** Co reports $110 mln rev in Q1, a 22% increase from 2020,
driven by higher medical cannabis sales in Canada and Germany
    ** Announces 30 cents loss per share, compared to IBES
Refinitiv estimate of 44 cents per share
    ** S&B (Storz & Bickel) vaporizer revenue in Q1 2021
increased 74% over 2020, benefiting from expanded distribution
in the United States
    ** All of Canopy Growth's 22 corporate-owned retail stores
have re-opened 
    ** Up to Friday's close,  CGC.N  fell 21.1% so far this year

 (Reporting by Shivani Kumaresan in Bengaluru)
 ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))
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