Canopy Growth Corp (WEED)

[john1311]

Canopy Growth shares jump 13% premarket after cannabis company posts smaller-than-expected loss

Canopy Growth Corp.'s U.S.-listed shares CGC, +10.84% WEED, +10.51% soared 13% in premarket trade Monday, after the Canadian cannabis company posted a smaller-than-expected loss for its fiscal second quarter and revenue that beat estimates. Smith Falls, Ontario-based Canopy posted a loss of C$32.06 million ($24.6 million), or 9 cents a share, for the quarter to Sept. 30, after income of C$258.9 million, or 25 cents a share, in the year-earlier period.

https://www.marketwatch.com/story/canopy-growth-shares-jump-13-premarket-after-cannabis-company-posts-smaller-than-expected-loss-2020-11-09