Canopy Growth, world’s largest pot company, lost $1 billion in three months

Canopy Growth Corp. reported a C$1.28 billion quarterly loss late Wednesday and missed analyst estimates for revenue, sending shares down 10% in after-hours trading.

Net revenue rose to C$90.5 million from C$25.9 million in the year-ago period, excluding excise taxes. Of that revenue, Canopy said that C$50.4 million was Canadian recreational business-to-business, C$10.6 was direct to consumer and C$13.1 million was medical cannabis sales. Canopy also brought in $10.5 million in international cannabis revenue.

In a statement, Zekulin said that the company has two objectives as it completed the fiscal first quarter.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Walmart soars as e-commerce growth drives earnings beat and raises 2020 outlookWalmart reported second-quarter financial results that surpassed Wall Street estimates thanks to growth in same-store sales and e-commerce. and they can't pay a living wage because, reasons? Amazon never could shake this lion off of it's ass! Walmart is a fucking beast...ain't it? Amazon..the cheetah..came in the game all sleek and fast..slaying everything in sight! But they didn't see the Lion sitting over there...watching! Amazon came too close! So...now the Lion is at his ass! Amazon can't shake him! Walmart!
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