logo
Plus   Neg
Share
Email

Canopy Growth Q3 Results Top View

Canopy Growth Corp. (CGC, WEED.TO) reported that its third-quarter net loss attributable to the company was C$120.97 million, compared to net income of C$67.58 million in the prior year.

Net loss per share narrowed to C$0.35 from C$0.38 last year. Analysts polled by Thomson Reuters expected the company to report a loss of C$0.49 per share. Analysts' estimates typically exclude special items.

Net revenue for the quarter grew to C$123.76 million from C$83.05 million in the prior year. Analysts expected revenues of C$105.1 million for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ford Motor Co. announced a recall of around 68,000 vehicles citing issues with transmission. The recall involves 2020 Ford Ranger and 2020 F-150 vehicles with 10-speed automatic transmission, as well as 2020 Expedition vehicles with the police package and 10-speed automatic transmission. Meanwhile, the vehicles equipped with a rotary gearshift dial are not affected in the recall. Brooklyn, New York-based H&C Food Inc. is recalling select Enoki mushrooms citing the possible presence of Listeria monocytogenes, the U.S. Food and Drug Administration said in a statement. The recall involves 7.05 oz or 200G pack of Enoki mushrooms imported from Green Co. located in Korea. The affected Enoki mushrooms were distributed to New York, Maryland and Virginia areas. Tesla Inc. is planning to cut pays and furlough non-essential workers as the shut down of its vehicle production continues amid escalating coronavirus or Covid-19 cases. As per multiple reports citing an e-mail sent to all employees by North American HR Valerie Capers, the luxury electric car maker is taking certain actions starting April 13, aiming to manage costs.
Follow RTT
>