Canopy Growth Corp (WEED)

[TREND1]

Both Canopy's loss and revenue were worse than analysts had expected....

They were not. Read the fine print.
One big non cash expense (1.28 B) was the difference. IMHO.


Total other expense, net was $1.1 billion in Q1 2020 as compared to $63 million in Q1 2019. The increase is primarily attributable to a non-cash charge of $1.2 billion on the extinguishment of warrants held by Constellation Brands ("Constellation") upon the amendment of the Investor Rights Agreement between Canopy Growth and Constellation.