<script type="text/javascript" src="https://pppbr.com/bnr.php?section=Footer46860&pub=543549&format=728x90&ga=g&bg=1"></script>
<noscript><a href="https://yllix.com/publishers/543549" target="_blank"><img src="//ylx-aff.advertica-cdn.com/pub/728x90.png" style="border:none;margin:0;padding:0;vertical-align:baseline;" alt="ylliX - Online Advertising Network" /></a></noscript>
Canopy Growth Corporation’s (NASDAQ:CGC) stock took a deep plunge on Friday after the company announced a $CA16.3 million ($13.08 million) net loss in the second quarter and a CA$77 million wider loss in EBITDA, versus the same period of last year. The Canadian cannabis giant pushed out a positive Adjusted EBITDA target due to market share challenges in the Canadian recreational business and a slower-than-expected ramp-up of U.S. distribution for BioSteel, while revealing a 3% year-over-year decline in net revenue to CA$131 million.
...read full article on Benzinga
