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CGC - Canopy Growth News Story

$18.23 -1.0  -5.1%

Last Trade - 5:05pm

Sector
Healthcare
Size
Large Cap
Market Cap £5.44bn
Enterprise Value £4.76bn
Revenue £229.3m
Position in Universe 916th / 6368

BUZZ-Pot stocks gain as Aurora Cannabis rallies on upbeat Q3

Fri 15th May, 2020 1:31pm
** U.S.-listed shares of pot stocks rise premarket, tracking
a rally by Aurora Cannabis  ACB.N  which posted
better-than-expected revenue 
    ** Shares of Canopy Growth  CGC.N , Aphria  APHA.N , Cronos
 CRON.N , Tilray  TLRY.O , Hexo  HEXO.N  up between 3.5% and
6.6%
    ** Aurora shares up >29% as investors laud cost-cutting
efforts, and sales jump as consumers stockpiled cannabis ahead
of lockdowns  urn:newsml:reuters.com:*:nL4N2CX2S1
    ** Aurora sold 12,729 kg of cannabis in Q3, as cannabis is
an essential service in several provinces and states across
Canada and the United States  urn:newsml:reuters.com:*:nL4N2CW49K
    ** Q3 rev of C$75.5 mln vs Street est of C$66.6 mln - IBES
Refintiv data
    ** On a YTD basis, ACB stock fell ~74%, while CGC dropped
~34%, TLRY down ~58% 

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com; +1 646 223 8780 Ext:
2776; Reuters Messaging:
arundhati.sarkar.thomsonreuters.com@reuters.net))
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