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Canopy Growth Corp. WEED, -0.48% CGC, -0.81% analyst Pablo Zuanic on Monday cut his 12-month price target on Canopy Growth Corp. c:weed, CGC, -0.81% to C$21 from C$30.50 on a lower sales outlook for the Canadian cannabis company amid price pressure in the business. Zuanic reiterated a neutral rating on the stock and said he expects September quarterly sales to fall to C$135 million, compared to the analyst consensus of C$156 million.
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