Canopy Growth drives revenue with 94% increase in recreational dried cannabis sales in first quarter of fiscal 2020

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Go back to Canopy Growth drives revenue with 94% increase in recreational dried cannabis sales in first quarter of fiscal 2020

Canopy Growth Corp (CGC) PT Lowered to $42 at Ladenburg Thalmann

August 16, 2019 9:59 AM EDT

Ladenburg Thalmann analyst Glenn Mattson Jr. lowered the price target on Canopy Growth Corp (NYSE: CGC) to $42.00 (from $50.00) while maintaining a Buy rating.

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Canopy Growth (CGC) Reports Q1 Loss of Cdn$3.70 on Revenues of Cdn$90.48M

August 14, 2019 5:05 PM EDT

Canopy Growth (NYSE: CGC) reported Q1 EPS of (Cdn$3.70), versus (Cdn$0.40) reported last year. Revenue for the quarter came in at Cdn$90.48 million, versus Cdn$25.92 million reported last year.

Adjusted EBITDA up more than $5M (CDN) versus prior quarter;Company positioned to bring CBD products to U.S. market by end of fiscal 2020;Record harvest of over 40,000 kg

KEY HIGHLIGHTS

Generated net revenue1 of $90.5 million in Q1 2020.Adjusted EBITDA of $(92.0M) up $5.7M versus Q4 2019 inclusive of investments in US CBD expansion activity.Increased dried cannabis sales in the Canadian recreational... More