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After Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) revealed that its cannabis sales of CA$136 million ($108 million) did not reach a consensus of CA$151 million in the first three months of fiscal 2022, Cantor Fitzgerald’s Pablo Zuanic placed a 12-month price target of CA$30.5 ($24.3) against a price of CA$18.9 in August. At that time, the analyst was concerned about the “the lack of profit margin and cash flow improvement” the company’s earnings report revealed.
...read full article on Benzinga
