When Canopy Growth (TSX:WEED) (NYSE:CGC) founder and co-CEO Bruce Linton was unexpectedly ousted from the company last week, it caused concerns among pot stocks and highlighted an industry-wide issue that needs to be addressed.
The decision to remove Linton from the company came after Canopy, which is the world’s largest cannabis company, reported a net loss of $670 million CAD and an underwhelming net revenue of $226.3 million for its 2019 fiscal year-end results.
The reported losses were much larger than analysts expected. They were also a shock to Canopy’s largest investor, US-based beverage ...
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