Canopy Growth spikes 22% after beating earnings expectations, and now other pot stocks are surging as well (CGC) | Markets Insider

."We have a lot of work to do. We are eager to capitalize on the opportunity to create an unassailable position through a tight focus on the consumer and on critical markets."

In the third quarter, Canopy Growth maintained its leading 22% market share in retail, and continued to see gains in the number of patients in the Canadian medical cannabis market, the company said. The company delivered"significant" gross improvement in the quarter, driven by stronger revenues and higher capacity utilization, according to Chief Financial Officer Mike Lee.

"Actions taken earlier this year are expected to meaningfully reduce stock-based compensation in FY21, and we have started to implement tighter cost controls across the organization," Lee said, adding,"we plan to take further steps to reduce our costs and right-size our business to ensure that we can generate a healthy margin profile and cash generation in the coming years."

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Canopy Growth stock: Earnings hint at end to cannabis slump - Business InsiderCanopy Growth, the world's largest cannabis company, reported its latest financial results, surprising analysts and sending cannabis stocks climbing. Are Twinkie sales a leading indicator? The problem is that too many companies were created and not enough pot heads around.... And the fact that it's legal, takes away the 'prohibitive' factor, so people don't care about getting stoned all the time...
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

The 11 Best Eyelash Growth Serums on the MarketThese 11 eyelash growth serums will make your natural lashes look like falsies.
Herkunft: InStyle - 🏆 103. / 63 Weiterlesen »

CEOs who mention 'growth' on earnings calls see outsized stock gainsCompanies with CEOs who make liberal use of positive words like 'growth' during earnings calls outperform their counterparts, a study finds. Good example of a framing bias that investors face
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Microsoft's Jared Spataro addresses criticism about Teams user growth - Business InsiderMicrosoft's head of marketing for its Microsoft 365 defended Team's daily active user numbers, addressing previous criticism that user growth is not organic.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »