Canopy Growth Reports Full Year and 4th Quarter Fiscal 2020 Financial Results; Provides Strategic Review Update

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 7/9/2026

1. SPY
2. USO
3. META
4. MSFT
5. MU
6. COST
7. IONS
8. AVAV
9. SKHY
10. ORCL

Go back to Canopy Growth Reports Full Year and 4th Quarter Fiscal 2020 Financial Results; Provides Strategic Review Update

BMO Capital Downgrades Canopy Growth (WEED:CN) (CGC) to Market Perform

June 1, 2020 6:29 AM EDT

BMO Capital analyst Tamy Chen downgraded Canopy Growth (WEED:CN) (NYSE: CGC) from Outperform to Market Perform with a price target of Cdn$24.00 (from Cdn$40.00).

The analyst comments "We were surprised by the slower-than-expected operational reset and tone towards right-sizing the business.... More

Canopy Growth (CGC) Reports Q4 Revenues of Cdn$115.07 million

May 29, 2020 7:05 AM EDT

Canopy Growth (NYSE: CGC) reported Q4 EPS of (Cdn$3.72), versus (Cdn$1.10) reported last year. Revenue for the quarter came in at Cdn$115.07 million, versus Cdn$106.49 million reported last year.

Fourth Quarter Fiscal 2020 Corporate Financial Highlights

Revenues: Net revenue in Q4 2020 decreased 13% versus Q3 2020 driven primarily by lower Canadian recreational revenue. Gross margin: : Reported gross margin, including one-time restructuring and other charges, was (85%). Adjusted gross margin, excluding one-time restructuring and other charges and inventory step-up costs, was 42% in Q4 2020, representing an increase of 1,100 bps from Q3 2020. Adjusted gross margin performance in Q4 2020... More