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Canopy Growth (CGC) misses Q1 EPS by CAD 5.01. CGC is trading at $2.71

by Ronald Kaufman
August 5, 2022
in News
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CGC price target

Source: Getty Images

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Canopy Growth (NASDAQ: CGC) reported profits of (Cdn$5.23) per share for the first quarter of 2018, which was (Cdn$5.01) less than the consensus estimate of (Cdn$0.22) The revenue for the third quarter came in at Canadian$110.1 million, which is an amount that is that much more than the average forecast of Canadian$0. The earnings history of Canopy Growth (CGC) and the data linked with it can be obtained by following this link.

Canopy Growth is the largest cannabis company in the world. The Company operates several licensed cannabis production and manufacturing facilities across Canada and distributes its products to most countries where medical cannabis is legal. Canopy Growth has diversified its product offerings to suit the needs of its customers better and has expanded its offerings to include non-psychoactive cannabis products. The Company has also invested significantly in the research and development of new products and product delivery technologies.

Tags: CGC, Analyst Rating
Ronald Kaufman

Ronald Kaufman

Ronald Kaufman is a veteran analyst and researcher with an expertise in the fields of Pharma, Cyber, FoodTech and Blockchain. He has been published on entrepreneur.com, GuruFocus, Finextra Research and others. He is currently a researcher at the Future Markets Research Tank (FMRT), where he does deep-dive market analysis and research in a number of industries.

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