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CTST - Canopy Growth: Perhaps This Is Why Bruce Was Fired
CannTrust Holdings Inc.
All dollar amounts herein refer to Canadian dollars unless otherwise noted.
(Aphria and Tilray gross margins are estimated based on company filings; others are gross margins excluding fair value adjustments, as reported.)
Summary
Canopy Growth released earnings for the first quarter of their fiscal 2020, ending June 30th, after hours on Aug 14th. The market was not impressed by these earnings: Shares fell 11% after hours.
As most of us in The Growth Operation's chat room expected, Canopy's earnings were not good. It is difficult to expect good results in a quarter where the