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CGC - Canopy Growth News Story

$16.36 -0.0  -0.2%

Last Trade - 18/09/20

Sector
Healthcare
Size
Large Cap
Market Cap £4.70bn
Enterprise Value £4.01bn
Revenue £245.5m
Position in Universe 1010th / 6396

BUZZ-PREVIEW: Tilray higher ahead of quarterly report

Mon 10th August, 2020 5:24pm
** U.S. shares of Tilray Inc  TLRY.O  rising 5.90% on Mon ahead
of the pharmaceutical marijuana seller's qtrly report after the
bell, with traders' hopes buoyed by a better-than-expected
report from Canopy Growth Corp  WEED.TO  
    ** U.S. shares of Canopy Growth  CGC.N  jumped 8.76% after
the Canadian cannabis company reported a smaller-than-expected
quarterly loss as sales of its cannabis products to Americans
and Canadians stuck at home surged  urn:newsml:reuters.com:*:nL4N2FC22P
    ** With several Canadian marijuana companies cutting costs
after investors shunned the industry's extravagance and lack of
profits, U.S. shares of TLRY have fallen ~54% YTD
    ** Analysts on avg expect qtrly rev up 19.9% to $55 mln and
a loss of 27 cents per share, according to Refinitiv

 (Reporting by Noel Randewich)
 ((noel.randewich@tr.com; (415) 677 2542; Reuters Messaging:
Twitter: @randewich))
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