Workers produce medical marijuana at Canopy Growth Corporation's Tweed facility in Smiths Falls, Ont., on Monday, Feb. 12, 2018. TORONTO - Canopy Growth Corp.'s co-chief executive says he is expecting a "growth quarter" ahead and foresees the cannabis company will generate $1 billion in revenue during its next financial year.
His bullish comments on the sidelines of a Toronto cannabis industry conference come one day after shares of licensed producer Aphria Inc. slipped by as much as 15 per cent after its quarterly revenues and earnings fell short of estimates.
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