Canopy Growth (CGC) Misses Q3 EPS by 39c, to Cut 800 Positions

Canopy Growth (NASDAQ: CGC) reported Q3 EPS of (Cdn$0.54), Cdn$0.39 worse than the analyst estimate of (Cdn$0.15). Revenue for the quarter came in at Cdn$113.35 million versus the consensus estimate of Cdn$86.69 million.

• to reducing headcount across the business by approximately 60%, including 800 positions impacted by the changes announced today, of which 40% are impacted immediately.

For earnings history and earnings-related data on Canopy Growth (CGC) click here.

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